2000 Notes

The central bank annual report attributed the surge primarily to the withdrawal of the Rs 2,000 denomination notes announced in May 2023. Share of this denomination has reduced to 0.2 per cent from 10.8 per cent in the year-ago period.

More than 97% of Rs 2,000 notes returned to banking system: RBI

"The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 0.10 lakh crore as at the close of business on October 31, 2023," it said in a circular.

More than 97% of Rs 2000 banknotes back with banks: RBI

On October 31, Moneycontrol reported that Brazen middlemen, operating right outside the Reserve Bank of India (RBI) office in the National Capital, are making a killing from ‘customers' seeking to exchange the Rs 2000 notes, charging as much as Rs 400 per bill. Mc news

Bank of Baroda received Rs 10,000 cr in Rs 2,000 notes, 90% in deposits: Sources

Earlier, the RBI Governor had said that about 50 percent of the Rs 2,000 notes have been returned

SC refuses urgent hearing to plea challenging exchange of Rs 2,000 notes without proof

This the third time that a Delhi-based lawyer has sought an urgent hearing after the Delhi High Court dismissed his PIL challenging RBI notification on the exchange of the Rs 2,000 banknote

Rs 2,000 note withdrawal to add up to Rs 1.5 lakh cr of deposits to banks: Economist

Notes of Rs 1 lakh to Rs 1.5 lakh crore will come back into the system as deposits, Axis Bank Chief Economist Saugata Bhattacharya said adding that this should take the overall deposit growth to over 11 percent in FY24.

Liquidity of banks to improve as Rs 2000 notes being deposited: Report

"Even if a fraction of these trends are extrapolated at All Scheduled Commercial Bank's (ASCB) level, then the banking system liquidity is likely to increase significantly ....," said the SBI report 'Ecowrap' said.

Delhi HC reserves order in PIL against exchange of Rs 2,000 banknote without requisition slip, identity proof

Lawyer Ashwini Kumar Upadhyay contended in his plea that notifications by RBI and SBI in this regard are arbitrary, irrational and offend Articles 14 of the Constitution of India.

RBI to withdraw Rs 2,000 notes: Here is what data shows on currency denominations in circulation

The latest release by the RBI showed the total value of Rs 2,000 banknotes was Rs 3.62 lakh crore constituting only 10.8 percent of notes in circulation as on March 31, 2023.

RBI recalls all Rs 2,000 currency notes from circulation

The banknotes in Rs 2,000 denomination will continue to be legal tender, the RBi said in a release.

MC Explains | The tale of vanishing Rs 2,000 currency notes

Their circulation has reduced significantly, primarily because the RBI has not printed these notes in FY20, FY21, and FY22. In fact, they accounted for only 13.8% of all currency notes in circulation, in value terms, as on March 31, 2022. After being introduced in 2016, they accounted for 50.2% of the value of notes in circulation, as on March 31, 2017.

Circulation of Rs 2,000 notes restricted by a top public sector bank: Report

It is also reported that only denominations of ₹500, ₹200 and ₹100 are loaded into ATMs.

Fake currency notes worth Rs 3.92 crore seized in Rajkot

Fake currency notes with a face value of Rs 3.92 crore have been seized from a car belonging to a city-based financier lodged in jail, police said today.

Did RBI print Patel signature notes when Rajan was still Guv?

The new notes bear RBI governor Urjit Patel's signature but the process of printing began before he took office, according to a report in Hindustan Times.