Rs 2,000 Notes Update: RBI Reports Sharp Decline in Circulation, 97.62% of Banknotes Returned

The Reserve Bank of India (RBI) has confirmed the withdrawal of Rs 2000 denomination banknotes from circulation, with only Rs 8470 crore remaining as of February 29, 2024, a significant decline from Rs 3.56 lakh crores in May 2023. This amounts to 97.62% of the Rs 2000 banknotes in circulation being returned since the announcement. Despite the withdrawal, RBI reassures that Rs 2000 banknotes remain legal tender. Rs 2,000 Notes Update: RBI Confirms 97% of Circulation Back in the System, Currency Maintains Legal Tender Status.

97.62% of Rs 2000 Banknotes Returned

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