Rbi: Half of all ₹2,000 notes returned to banks, says RBI governor Shaktikanta Das – Times of India
About Rs 1. 8 lakh crore worth of Rs 2,000 notes have been returned, accounting for nearly 50% of the currency in circulation as of March 31, Das said. While the governor did not provide an exact breakdown of how many notes were exchanged, he estimated that roughly 85% of the returned notes were deposited. “This is more or less in line with our expectations,” said Das.
Addressing concerns about the specifics of note exchange and deposit figures, Das explained that reconciling the data was challenging due to some overlap in reporting.
Das urged the public to avoid rushing to banks for note exchange or deposits, emphasising that ample time was available. He expressed satisfaction that there had been no panic-induced rush at any banks and appealed to everyone to refrain from unnecessary visits. Das also advised individuals not to wait until the last date (September 30) for note exchange.
Regarding speculation about the withdrawal of other denomination notes or the reintroduction of Rs 1,000 note, Das clarified that he was not aware of any such plans, nor was there any consideration within the RBI. He assured that the RBI was mindful of the inconvenience faced by Indians travelling abroad or holding H-1B visas and pledged to address their concerns.
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