The Reserve Bank of India (RBI) on Wednesdays said over 97 per cent of the ₹2,000 banknotes in circulation have been returned to the banking system, and only ₹10,000 crore worth of such notes are still in public circulation.
“The total value of ₹2,000 banknotes in circulation, which amounted to ₹3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹0.10 lakh crore as at the close of business on October 31, 2023,” the central bank said in a circular.
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