While the amount of Rs 2000 banknotes still circulating in the economy stood at Rs 8,897 crore, the central bank mentioned that Rs 2,000 banknotes will continue to be legal tender.
The total value of Rs 2,000 banknotes in circulation, has declined to Rs 9,760 crore at the close of business on November 30, 2023, the Reserve Bank of India (RBI) announced on Friday.
This essentially means that 97.26 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system, , 2000 banknotes, reserve bank of india
People can now send their Rs 2,000 banknotes to regional offices of RBI via insured post for direct credit in their bank accounts, providing convenience for those unable to visit in person. RBI offers a Triple Lock Receptacle (TLR) form for deposits. The options are secure and eliminate the need to travel to designated branches and stand in queues.