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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Reserve Bank of India <br /><br /> Withdrawal of Rs. 2000 Denomination Banknotes - Status<br /><br /> MANU/RPRL/0393/2023 - (03 Jul 2023)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Reserve Bank of India had announced the withdrawal of ₹ 2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹ 2000 banknotes in circulation, which amounted to ₹ 3.62 lakh crore on March 31, 2023 had declined to ₹ 3.56 lakh crore as at the close of business on May 19, 2023.<br><br> According to the data received from the banks, the total value of ₹ 2000 banknotes received back from circulation after the announcement on May 19 is ₹ 2.72 lakh crore up to June 30, 2023. Consequently, ₹2000 banknotes in circulation as at the close of business on June 30 stood at ₹ 0.84 lakh crore. Thus, 76% of the ₹ 2000 banknotes in circulation as on May 19, 2023 have since been returned.<br><br> Data collected from major banks indicates that out of the total banknotes in ₹ 2000 denomination received back from circulation, about 87% is in the form of deposits and the remaining around 13% has been exchanged into other denomination banknotes.<br><br> Members of the public are requested to utilise the next three months to deposit and/or exchange the ₹ 2000 banknotes held with them to avoid any rush in the last few days before September 30, 2023.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : Withdrawal, Banknotes, Status</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>