India sees over 72% of withdrawn Rs 2,000 notes taken to banks: Report

India has seen over 72% of withdrawn Rs 2,000 currency notes deposited or exchanged at banks so far, a month after the withdrawal started, CNBC TV18 reported on Friday, citing sources.

The Reserve Bank of India (RBI) on May 19, 2023, announced that it has decided to withdraw the Rs 2,000 currency notes from circulation.

The central bank asked all to deposit the Rs 2,000 banknotes into their accounts or exchange them for banknotes of other denominations at any bank branch by September 30, 2023.


Deposit into bank accounts can be made in the usual manner, without any restriction. The exchange facility for Rs 2,000 currency notes started from May 23, 2023.