With just a month left to exchange or deposit Rs 2,000 notes, the Reserve Bank of India (RBI) Friday said 93 per cent of these notes — worth Rs 3.32 lakh crore — have been returned to banks. This means that notes worth Rs 24,000 crore are yet to be returned to the banking system.
On May 19, the RBI had announced withdrawal of Rs 2,000 banknotes from circulation. The total value of these notes in circulation as on May 19 was Rs 3.56 lakh crore. The deadline to deposit or exchange these notes is September 30, 2023.
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