RBI Annual Report FY 2024-25: 98.2% of ₹2000 Currency Notes Back with Banks, Currency in Circulation tops ₹36.9 Lakh Cr

RBI’s FY 2024-25 report: 98.2% of ₹2000 notes returned; currency in circulation hits ₹36.9 lakh crore, reflecting demonetization’s near-complete closure. The Reserve Bank of India's (RBI) annual report for FY 2024-25 revealed that 98.2% of the ₹2000 denomination banknotes, which were withdrawn from circulation, have been returned to the banking system. The total currency in circulation (CIC) has increased by 6% to ₹36.88 lakh crore. The report highlighted a continued expansion in CIC alongside the growing adoption of digital payments, indicating a coexistence rather than competition between cash and digital transactions.