New Delhi: The Reserve Bank of India (RBI) said that 50% of the Rs.2000 currency notes have come back into the banks after the government’s decision to withdraw the currency from circulation, a report said.
The total amount of the currency notes that has returned equals to Rs.1.80 lakhs. Rs.2000 notes in circulation was equal to Rs.3.62 lakhs on March 31,2023, according to the report.
The decision to withdraw the Rs.2000 currency note from circulation was announced by the RBI last month. The currency note was introduced in 2016 after Rs.1000 and Rs.500 notes were withdrawn as part of a demonetization drive by the government.
The Rs.2000 currency note will remain legal tender and the citizens can deposit it in their bank accounts or get it exchanged by September 30, 2023.