Rs 2,000 Notes Surge Back !!

Rs 2,000 Notes Surge Back RBI's Move Rewrites India's Currency Landscape!

Currency Report As of November 30, 2023, RBI reports 97% return of Rs 2,000 notes, now totaling Rs 9,760 crore

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Initial Circulation Rs 2,000 notes initially circulated at Rs 3.56 lakh crore, witnessing a significant decrease

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Deposit and Exchange Options Initial deposit/exchange period until September 30, extended until October 7 at bank branches and RBI Issue Offices

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Central Bank's Facilitation RBI not only allows in-person exchanges but also accepts deposits into bank accounts and India Post submissions

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Legal Tender Status Rs 2,000 notes remain legal tender despite the majority being returned

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Effectiveness of RBI Measures By May 19, 2023, 97.26% of the circulated Rs 2,000 notes were already returned

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Ongoing Return Process Figures may slightly vary as the process of Counting notes to the RBI continues

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Changing Currency Landscape The returned notes reshape India's currency landscape, reflecting the RBI's strategic measures

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