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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Getting "full support" from Nitish Kumar: Tejashwi Yadav tells rally in Bihar
Patna, May 14: RJD leader Tejashwi Yadav on Tuesday claimed that he was getting "full support" from "uncle" Nitish Kumar, the JD(U) president who is a BJP ally, in his fight against the saffron party.
Yadav made the remark, in an obvious bid to drive a wedge between the newly realigned NDA partners, at a rally in Bihar's Madhubani district.
The RJD leader, who lost his job as Bihar Deputy CM as a result of Kumar's abrupt exit from INDIA bloc, said "chacha (uncle) may have been hijacked by the BJP. But he taught me the importance of driving out of power those whose ascent came in 2014. Deep down, he retains the sentiment".
"I know his blessings are with me because I am carrying forward his fight. Just take note, he has taken ill on the very day Prime Minister Narendra Modi was to file his nomination papers. It is clear I am getting his full support", remarked Yadav.
Interestingly, the comments of the young, but deft, politician came on a day the Chief Minister's office came out with an unusually short statement declaring that Kumar's "all programmes for the day have been cancelled because of illness".
Sources close to the leader claimed the septuagenarian had flu-like symptoms and he has also been pensive since Monday night when he received the news of the death of his close friend Sushil Kumar Modi, a senior BJP leader who had served as his deputy for more than a decade.
However, the absence of Bihar's longest-serving Chief Minister in Varanasi, where the PM was accompanied by most allies, including coalition partners from the state like Pashupati Kumar Paras, Chirag Paswan, Upendra Kushwaha and Jitan Ram Manjhi, has triggered speculations in a section of the media here.
Many news outlets claim that Kumar felt slighted over the treatment he got at Modi's roadshow in Patna on Sunday when the JD(U) president was made to stand quietly beside the PM as he waved at the crowds and obliged a couple of channels with interviews.
Kumar was also conspicuous by his absence at the Vidhan Sabha premises where mortal remains of Sushil Kumar Modi were brought, though senior JD(U) leaders like Vijay Kumar Chaudhary and Devesh Chandra Thakur were present to pay tributes to the late leader who passed away at a Delhi hospital, battling cancer.
