SBI got Rs 2,000 notes worth Rs 80,886 crore till September 30 this year: RTI reply
In its reply, the bank also said that Rs 14,079 crore was received as exchange and Rs 66,807 crore through deposits.
In its reply, the bank also said that Rs 14,079 crore was received as exchange and Rs 66,807 crore through deposits.
As of August 31, 2023, only Rs 0.24 lakh crore worth of Rs 2,000 banknotes were in circulation.
It was however anticipated that the central bank would increase the deadline further, but nothing was heard from the bank on the same.
A total of 87 per cent of these returned notes were in the form of deposits while the remaining 13 per cent has been exchanged into other denominations.
"Exchange facility is available only at banks. Customers can make deposits since Rs 2000 note is legal tender," the sources said. Members of the public can start exchanging or depositing their Rs 2000 starting from today,
He said PM Modi felt that the effort was to tackle black money and if a bigger denomination note comes then the capacity to hoard will increase.
The Governor said the Rs 2000 note was primarily issued to replenish money, taken out from the system during the demonetisation of Rs 500 notes and Rs 1,000 notes.
An MoU has been signed between India and Bangladesh to prevent and combat smuggling and circulation of counterfeit currency notes, while training programmes have been organised for state police officers as well as those of Nepal and Bangladesh to make them aware about the problem.
