• Sun. Feb 25th, 2024

2,000 Notes Exchange Facility Will Be Unavailble On Jan. 12 At Mumbai: RBI

2,000 Notes Exchange Facility Will Be Unavailble On Jan. 12 At Mumbai: RBI2,000 Notes Exchange Facility Will Be Unavailble On Jan. 12 At Mumbai: RBI

The Reserve Bank of India (RBI) on January 11 said the exchange of Rs 2,000 notes will not be available on January 12 at RBI’s Mumbai Regional Office due to operational reasons.

The facility will resume on Monday, January 15, 2024, which is the next working day, the RBI said.

On January 1, the RBI said that 97.38 percent of the Rs 2,000 currency notes in circulation as of May 19, 2023, have returned to the banking system.

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The total value of such banknotes in circulation declined to Rs 9,330 crore at the close of business on December 29, 2023, from Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2,000 banknotes was announced, the RBI said in a statement.


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