RBI Says 98% Of Rs 2,000 Notes Returned To Banks Since Withdrawal, How You Can Still Exchange

The Reserve Bank of India (RBI) reported that 98% of Rs 2000 denomination notes have returned to banks following their withdrawal from circulation. The note exchange window is nearing its final stage, and the RBI is urging people to return any remaining Rs 2000 notes. The majority of the notes have been returned through bank deposits and exchanges, a move aimed at mopping up excess liquidity and curbing illicit cash holdings. The note withdrawal aligns with the government’s efforts to promote digital payments and reduce the cash economy.