Withdrawal of ₹2,000 Notes: 98% Returned, RBI Reports
In a major update, the Reserve Bank of India (RBI) announced that 98% of the ₹2,000 notes have been returned since their withdrawal in May 2023. This has led to the total value of the denomination in circulation dropping significantly from ₹3.56 lakh crore to ₹7,117 crore as of September 2023. The withdrawal was initiated due to concerns about the quality […]
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