RBI: 93% of ₹2,000 Banknotes Returned following Withdrawal Announcement

  • The RBI reports that 93% of ₹2,000 currency are now back with banks, leaving ₹24,000 crore still in circulation.
  • The ₹2,000 note withdrawal in May contrasts 2016’s demonetisation: notes remained legal tender till September 30.
  • The RBI hasn’t clarified the status of ₹2,000 notes in private possession after the deadline.
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