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97.69% of Rs 2000 Notes Returned Since May 2023, Rs 8,202 Crore Yet To Be Deposited: RBI

About Rs 8,202 crore is yet to be deposited as on March 29, 2024, compared with the Rs 3.56 lakh crore in circulation at the close of business on May 19, 2023, 97.69% of Rs 2000 Notes Returned Since May 2023, Rs 8,202 Crore Yet To Be Deposited: RBI ....

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Notes in circulation go up due to cautionary holding of cash amid COVID-19 pandemic: RBI


Notes in circulation go up due to cautionary holding of cash amid COVID-19 pandemic: RBI
In value terms, the share of Rs 500 and Rs 2,000 banknotes together accounted for 85.7 per cent of the total value of banknotes in circulation as on March 31, 2021, as against 83.4 per cent as on March 31, 2020
PTI | May 27, 2021 | Updated 16:18 IST
The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report. ....

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