RBI says 93% of Rs 2000 notes returned to banks

The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 — the day when the currency was withdrawn from circulation — have been returned to banks.

According to the data received from the banks, the total value of Rs 2000 banknotes received back from



circulation is Rs 3.32 lakh crore up to August 31, 2023, it said in a statement.

“Consequently, Rs 2000 banknotes in circulation as at the close of business on August 31, 2023 stood at Rs 0.24 lakh crore. Thus, 93 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, have since been returned,” it said.