RBI receives Rs 2.72 Lakh Crore in Rs 2000 notes since 19th May



Quick Summary
The Reserve Bank of India (RBI) has successfully retrieved £2.72 lakh crore in £2000 notes since announcing their withdrawal on May 19th. This figure represents 76% of the total £2000 notes in circulation at that time. The public has until September 30th, 2023, to deposit or exchange any remaining £2000 notes.

The Reserve Bank of India (RBI) has received ₹2.72 lakh crore in ₹2000 notes since May 19, 2023. This is about 76% of the ₹2,000 banknotes that were in circulation as on May 19. The RBI had announced on May 19 that it would be withdrawing the ₹2000 denomination banknotes from circulation. The deadline for depositing or exchanging these notes is September 30, 2023. Official copy of the notification has been mentioned below The Reserve Bank of India had announced the withdrawal of ₹2000
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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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FAQ :

The RBI has received £2.72 lakh crore in £2000 notes since May 19, 2023.

Approximately 76% of the £2000 banknotes in circulation as of May 19, 2023, have been returned to the RBI.

The deadline for depositing or exchanging £2000 notes is September 30, 2023.

About 87% of the returned £2000 notes have been deposited, with the remaining 13% exchanged for other denominations.

As of March 31, 2023, the total value of £2000 banknotes in circulation was £3.62 lakh crore, which had slightly decreased to £3.56 lakh crore by May 19, 2023.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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