look news india
RBI update on Rs 2000 note: It has been more than one and a half years since Rs 2000 notes were banned in the country, but people still have thousands of crores of rupees lying around. The Reserve Bank of India (RBI) recently reported that 98% of the total Rs 2000 notes have been returned to the banks. That means about 2 percent of the notes are still lying with the people. This is a very big number and RBI is worried about it.
People have Rs 7,117 crore?
Recently, while sharing the data of return of Rs 2000 notes, the central bank RBI had said that 98 percent of the notes have been returned to the bank, despite this people still have pink notes worth Rs 7,117 crore. After these notes were taken out of circulation in the initial phase, their return was very fast, but now these notes are coming back with great difficulty.
How many pink notes have been returned so far?
According to the data shared by the Reserve Bank of India on July 1, 2024, there are Rs 7581 crore worth of Rs 2000 notes left in the market, while the latest data shows that the figure is still above Rs 7000 crore. Only Rs 320 crore of notes have been returned in the last two months. Whereas the October figures are even more shocking, which show how much the pace has slowed down.
Why are people not changing Rs 2000 notes?
There can be many reasons for this. One is lack of information, perhaps some people still do not know that they have to exchange Rs 2000 notes. Whereas for some people it may be difficult to go to the bank or post office. It is also possible that some people are hiding these notes as black money.
Where and how to deposit Rs 2000 notes?
You can deposit Rs 2000 notes through RBI regional offices or nearest post office.