RBI receives 97% of 2000 rupee notes as of Nov 30

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Key Points

Of the total 2000 rupee bank notes that were withdrawn from circulation as on 19th May this year, 97.26% have been returned, said the Reserve Bank Of India (RBI)...

The 2000 rupee note had been introduced in November 2016 to meet currency requirements after the withdrawal of 500 and 1,000 notes at that time..

With the RBI having observed that the Rs 2000 notes were not widely used for transactions and in pursuance of its Clean Note Policy, the central bank decided to withdraw the notes from circulation...

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