RBI Governor mentioned solely Rs 10,000 crore value Rs 2,000 notes are nonetheless with individuals.
New Delhi:
Reserve Financial institution Governor Shaktikanta Das right this moment mentioned Rs 2,000 denomination notes are coming again and solely Rs 10,000 crore value of such notes are nonetheless with individuals.
He exuded confidence that these notes can even be returned or deposited again.
“Rs 2,000 notes are coming again and solely Rs 10,000 crore is left within the system. The expectation is that the quantity can even come again,” he mentioned on the sidelines of the occasion.
Earlier this month, Das had mentioned 87 per cent of the Rs 2,000 denomination notes being withdrawn have returned as deposits into banks whereas the remainder has been exchanged throughout counters.
On Could 19, the Reserve Financial institution of India (RBI) took the monetary world abruptly when it declared its plan to section out the Rs 2,000 observe, which had been launched in 2016 as a part of a fast remonetisation effort.
This had adopted Prime Minister Narendra Modi’s announcement to withdraw greater than 88 per cent of the forex in circulation by invalidating the Rs 500 and Rs 1,000 notes.
Public and entities holding such notes have been initially requested to both change or deposit them in financial institution accounts by September 30. The final date was later prolonged to October 7.
On October 7, each deposit and change providers at financial institution branches have been discontinued.
Beginning October 8, people have been supplied with the selection of both exchanging the forex or having the equal sum credited to their financial institution accounts at 19 Reserve Financial institution of India areas.
People or entities can change Rs 2,000 financial institution notes on the 19 RBI workplaces as much as a restrict of Rs 20,000 at a time. Nevertheless, there isn’t any restrict on the full quantity for getting Rs 2,000 notes credited into financial institution accounts.
(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
