Rs 2000 notes withdrawal: Rs 6,691 cr worth such notes still with public
Mumbai: The Reserve Bank on Wednesday said 98.12 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,691 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, declined to Rs 6,691 crore at the close of business on December 31, 2024, RBI said. "Thus, 98.12 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement.
The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches till October 7, 2023. However, this facility is still available at the 19 issue offices of the Reserve Bank. From October 9, 2023, the RBI issue offices are also accepting Rs 2000 banknotes from individuals and entities for deposit into their bank accounts. Further, members of the public can also send Rs 2000 banknotes through India Post from any post office within the country to any of the RBI issue offices for credit to their bank accounts. The Rs 2000 banknotes continue to be legal tender.
The 19 RBI offices depositing/exchanging the banknotes 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 2000 banknotes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1000 and Rs 500 banknotes.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
UAE issues fresh emergency alert, says situation currently safe
Dubai/Abu Dhabi: Residents and visitors across the United Arab Emirates received a fresh emergency alert on their mobile phones stating that the situation in the country is currently safe.
The message, issued by the Ministry of Interior (MOI), thanked people for their cooperation and reassured them that conditions were stable.
“Thank you for your cooperation. We reassure you that the situation is currently safe. You may resume your normal activities while continuing to remain cautious and take the necessary precautions, and to follow official instructions. (MOI),” the alert read.
The notification was sent in both Arabic and English through the country’s emergency alert system.
The advisory comes after earlier alerts warning of potential missile threats amid rising regional tensions. Authorities have urged the public to stay cautious and follow official guidance.
