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Currency withdrawal

76% of ₹2,000 Notes Returned to Banks: RBI Reveals Circulation Data

SWAGAT Jul 3, 2023

New Delhi: The Reserve Bank of India (RBI) has revealed that 76% of the ₹2,000 banknotes in circulation as of May 19, 2023, have been returned. According to the RBI, out of the total circulation, 87% of the ₹2,000 notes were deposited with…

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RBI Governor Debunks Rs 1000 Note Comeback Speculations

SWAGAT May 22, 2023

New Delhi: RBI Governor Shaktikanta Das has dismissed speculations about the reintroduction of Rs 1,000 notes following the surprise withdrawal of Rs 2,000 notes. Addressing the media, Das clarified that there is currently no proposal to…