Rs 2000

Finance Ministry data shows a fourfold rise in fake Rs 500 notes since 2018 and Rs 2,000 counterfeits tripled since 2021

The Reserve Bank of India on Tuesday said 98 per cent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes. The total value of notes of the denomination has reduced to Rs 7,117 crore from the Rs 3.56 lakh crore on May 19, 2023, the central bank said. "98 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," the RBI said. On May 19, 2023, the RBI announced a surprise decision to withdraw the Rs 2,000 currency notes. The move was prompted on quality concerns and the denomination introduced after the demonetisation of November 2016 fulfilling its purpose. The central bank said Rs 2,000 notes continue to be legal tender and can be exchanged at 19 issue offices of the RBI either physically or sent by post for a credit into bank accounts.

With banks stopping accepting Rs 2,000 notes, people have started queuing up at 19 Reserve Bank of India offices to exchange the high denomination currency, which was withdrawan from circulation. On May 19, the RBI had surprised all by announcing its intent to withdraw the Rs 2,000 note introduced in 2016 for quick remonetisation, following Prime Minister Narendra Modi's announcement to suck out over 88 per cent of currency in circulation by banning the Rs 500 and Rs 1,000 notes. Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The last date was later extended to October 7. The deposit as well as exchange facilities at bank branches was stopped on October 7. From October 8, people were given the option to get the currency exchanged or get the amount credited in their banks accounts at 19 offices of the RBI. Last Friday, RBI Governor Shaktikanta Das said Rs 3.43 lakh crore worth of Rs 2,000 notes have co

According to RBI, as on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 trillion and out of this, notes worth Rs 2.72 trillion have been returned

Some banks had to temporarily halt exchanges of Rs 2,000 currency notes as they waited for supply of currency notes to be replenished

In 2016, Rs 500 and Rs 1,000 notes made up over 86% of the money in circulation. This time around, Rs 2,000 notes make up a relatively small part of the total money in circulation

New Delhi, Feb 22 (PTI) A man who had gone to withdraw money at an ATM in Sangam Vihar here allegedly ended up getting four notes of Rs 2,000 with "Children Bank Of India" written on them, police said today.Rohit Kumar, a customer care executive, had gone to withdraw cash from the State Bank of India (SBI) ATM in Sangam Vihar on February 6. He got four notes of Rs 2,000 which had "churan" label on them in place of the official watermark.The notes also had "PK" written on them in place of the RBI stamp and the top left corner had "Bharatiya Manoranjan Bank" written instead of Reserve Bank of India.After the victim approached the police, a Sub-Inspector was sent to the ATM to withdraw money and he also received a note that had "Children Bank Of India" written on it.Following this, a case of cheating was registered and investigation has been taken up, said a senior police officer.After scanning the footage from the ATM, police has managed to identify the last man who had filled cash in ..