Page 2 - Rs 2000 Notes

76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits

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

More than two-thirds of Rs 2,000 notes returned within one month: Das

Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 lakh crore. On June 8, announcing the second monetary policy review of the fiscal, Das had said around Rs 1.8 lakh crore worth of the Rs 2,000 notes have been returned, accounting for approximately 50 per cent of the notes in circulation as of March 31, of which 85 per cent were in deposits and the rest in exchange. "More than two-thirds or Rs 2.41 lakh crore worth of the Rs 3.62 lakh crore (as of March 31, 2023) of the now-recalled 2000 banknotes have come back to the system as of mid-last week," Governor Das told PTI Bhasha in an interview at the RBI headquarters last week. Of the total money that has come back to the system, as much as 85 per cent are in deposit

Withdrawal of Rs 2000 notes is win for real estate, gold, consumer durables

Currency in circulation has declined less when compared to Rs 2000 notes deposits in banks

Reports of missing Rs 500 notes based on erroneous information, says RBI

Following these claims, the central bank has urged the public to rely on the information published by itself in cases pertaining to such matters

Kotak Mahindra Bank gets Rs 5,400 crore deposits in Rs 2,000 banknotes

The bank floated 'ActivMoney' feature for saving and current accounts and started the incorporation of Kotak Karma Foundation

BoB receives Rs 10,000 crore via Rs 2,000 note deposits, exchange

The senior official on Sunday told Business standard that his bank had received around Rs 9,000 crore worth of Rs 2,000 currency notes as deposits

Half of Rs 2,000 banknotes in circulation back in system: RBI Governor

There were 1.81 billion pieces of Rs 2,000 bank notes in circulation as on March 31, comprising 1.3 per cent in total circulation in volume terms.

50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das

RBI governor Shaktikanta Das added that out of all the notes that have been coming back, 85 per cent have come back in the form of bank deposits

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023

Around 35% of Rs 2,000 currency notes deposited or exchanged so far

The withdrawal process, which started on May 23, will continue until September 30, 2023

Explained: Are rising FD rates ending, and what should investors do?

The withdrawal of the Rs 2,000 note will likely result in a spurt in liquidity. How are the subsequent changes likely to impact you? Read more to find out

Digital transactions in India highest in world but why is cash still king?

The Reserve Bank of India believes that households in India hold more high-value currency notes at home while substituting lower-value notes with digital transactions

Petrol pump employee refuses to accept Rs 2,000 note, man files complaint

A man filed a complaint against an employee of a petrol pump in South Extension Part-1 here after the attendant allegedly refused to accept a Rs 2,000 note, police said on Saturday. A complaint regarding the matter was received at Kotla police station on Friday, a senior police officer said. The complainant stated that he went to a petrol pump in South Extension Part-1 to fill petrol in his scooter. He gave a Rs 2,000 note against a bill of Rs 400, but the petrol pump attendant refused to take the note, the officer said. The officer said that the complaint is being examined. On May 19, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either deposit such notes in accounts or exchange them at banks.

From mangoes to luxury watches, people look to offload Rs 2,000 notes

The currency exchange is expected to be far less disruptive than a 2016 move to demonetise 86% of the country's currency in circulation overnight

Day 1 of Rs 2,000 currency note exchange: Banks wait, customers await

Banks differ on procedure to exchange withdrawn currency

Delhi HC sets aside Mayor Shelly Oberoi's decision to call for a repoll

From setting aside Shelly Oberoi's decision for a repoll to granting permission to NDTV founders to travel abroad, here are some of the cases heard by the Delhi High Court on Tuesday

HC reserves order on plea against notification for Rs 2000 notes exchange

RBI tells Delhi High Court withdrawal of Rs 2000 notes is not demonetisation but statutory exercise

Must watch | How to get your Rs 2000 note exchanged | Important rules

Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes

The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said

Order reserved on PIL against allowing Rs 2K note exchange without ID proof

The plea had also sought a direction to the RBI and SBI to make sure that Rs 2000 notes are deposited in respective bank accounts only, so that people having black money could be identified