The Reserve Bank of India (RBI) has confirmed that 98.26% of ₹2000 denomination banknotes have been returned to the banking system, nearly two years after their withdrawal was announced in May 2023. From a peak circulation of ₹3.56 lakh crore, only ₹6,181 crore worth of ₹2000 notes remained in

The Reserve Bank of India (RBI) has confirmed that 98.18% of the ₹2,000 denomination banknotes have been returned to the banking system. As of February 28, 2025, ₹6,471 crore worth of these high-denomination notes remain in circulation. Withdrawal Announcement and Implementation The RBI had announced the withdrawal of ₹2,000 banknotes from circulation in May 2023 […]