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Informative
RBI: 98% of Rs 2,000 Notes Returned Following Withdrawal Order
Update / Judgement Date
03 Oct 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
BankingRBI
The Reserve Bank of India (RBI) announced that 98% of ?2,000 notes have been returned following the central bank's withdrawal order. The decision to withdraw the notes was part of the government's broader monetary policy aimed at phasing out high-denomination currency. The swift return of the notes reflects the public’s compliance with the RBI’s directives and underscores the effectiveness of the currency withdrawal process.
