RBI says Rs 2,000 notes totalling Rs 9,760 cr still with public
Mumbai (PTI): The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public.
On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
"The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 9,760 crore as at the close of business on November 30, 2023," the RBI said in a statement.
Thus, 97.26 per cent of the high-value currency in circulation as on May 19, 2023, has since been returned to the banking system, it added.
"The Rs 2,000 bank notes continue to be legal tender," the RBI added.
People can deposit and/or exchange Rs 2,000 bank notes at the 19 RBI offices across the country. People can also send Rs 2,000 bank notes through India Post from any post office, to any of the RBI Issue Offices for credit to their bank accounts in India.
Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The deadline was later extended to October 7. Both deposit and exchange services at bank branches were discontinued on October 7.
Starting October 8, individuals have been provided with the choice of either exchanging the currency or having the equivalent sum credited to their bank accounts at the 19 offices of the RBI.
Meanwhile, queues are being witnessed during the working hours at the RBI offices for exchange/deposit of Rs 2,000 notes. The 19 RBI offices depositing/exchanging the bank notes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram.
The Rs 2,000 bank notes were introduced in November 2016 following demonetisation of the then prevailing Rs 1,000 and Rs 500 bank notes.
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Gambhir flies back home for "personal emergency", to rejoin in Adelaide
Perth (PTI): India head coach Gautam Gambhir has flown back to India with his family due to "personal emergency" and is unlikely to be present during the the two-day pink ball warm-up game in Canberra starting November 30.
Gambhir, however, is slated to directly link up with the squad in Adelaide before the 'Pink Ball Test' starting December 6.
It is understood that Gambhir has sought permission from BCCI brass with regards to his return.
"He left with his family on early Tuesday morning for India. It is an unavoidable personal emergency. He will be back in Adelaide before the start of the second Test match," a BCCI official told PTI on conditions of anonymity.
The Indian team will leave for Canberra on Wednesday, November 27 where the entire team is expected to attend an official reception thrown in their honour by the Australian Prime Minister Anthony Albanese.
The two-day Pink ball match will give the Indian team a chance to get some game time under its belt.
PMXI is a squad full of youngsters but India will get some good match practice with pacer Scott Boland expected to play the game.
The rules of the game will be decided by the two teams and it is expected that everyone will bat and ball as it won't have an official status.
