TNPSC Thervupettagam

Withdrawal of 2,000 Rs Notes

October 8 , 2024 13 hrs 0 min 38 0
  • The Reserve Bank of India said that, about 98 per cent of the 2,000 denomination notes have been returned.
  • The total value of notes of the denomination has reduced to 7,117 crore from 3.56 lakh crore on May 19, 2023.
  • 98 per cent of the 2000 banknotes in circulation as of May 19, 2023.
  • On May 19, 2023, the RBI announced a surprise decision to withdraw the 2,000 currency notes.
  • The denomination was introduced after the demonetisation of November 2016.

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