RBI Governor Shaktikanta Das: Recently, RBI has given this big update regarding the 2000 note which was closed a few months ago and has told how many 2000 rupee notes have been returned to the banks till now. Let’s know the whole news in detail
Farewell letter of 2,000 notes has been written. This note will run in the market only till the next 30 September. Till the same day it can also be deposited in the bank. The Reserve Bank has said that these notes are returning fast. By June 30, 2023, 76 percent of Rs 2,000 notes have been returned. This information has been given by the Reserve Bank. RBI has requested those who still have notes left, to deposit them in the bank or exchange them soon.
Rs 2.72 lakh crore returned
An information was shared by the Reserve Bank of India (RBI) on July 3, 2023. It states that at the time when the decision to withdraw Rs 2,000 notes was taken, these notes worth Rs 3.62 lakh crore were in the market. Within a month and a half of this decision, more than three-fourth of the notes (over Rs 2.72 lakh crore) have returned to the banks. Now only Rs 2,000 notes worth Rs 0.84 lakh crore are in circulation in the market.
It was announced to withdraw on May 19
The Reserve Bank had suddenly decided to withdraw the Rs 2,000 note on May 19, 2023. It was said on that day that those who have such notes should deposit these notes in their accounts by September 30 or exchange them with notes of other denomination. The Reserve Bank says that on March 31, 2023, a total of Rs 3.62 lakh crore of notes of this value were in circulation.
This decision has no adverse effect on the economy
Reserve Bank Governor Shaktikanta Das had said recently that the decision to withdraw Rs 2,000 notes will not have any adverse effect on the economy. He had said, ‘I can tell you clearly that the Rs 2,000 notes that are being withdrawn now will not have any adverse effect on the economy.’ Significantly, a report by SBI Research has said that the withdrawal of Rs 2,000 notes from the Reserve Bank of India can accelerate consumption and this can lead to an economic growth rate of more than 6.5 percent in the current financial year.
