The Reserve Bank of India (RBI) on Monday, July 1, said the withdrawal of Rs 2,000 denomination banknotes reached 97.87 per cent as of June 28. On May 19, 2023, the central bank announced the withdrawal of the Rs 2,000 currency note denomination. According to a central bank release, the total amount floating in the said denomination in the country at that time was £35.6 bn.
At present, an amount of £₹758.1 mn in the said denomination is remaining in circulation, as per the June data updated by the RBI on its website on July 1.
The total amount remaining to be withdrawn from the system was reduced by 2.29 per cent compared to last month's data release. In May 2024, the total amount remaining for withdrawal was £775.5 mn. The remaining notes floating in the system continue to be legal tender.
Since the note withdrawal announcement, the provision to exchange ₹2,000 banknotes has been available for public access at 19 Issue Offices of the Reserve Bank of India.
