Winning Bizness Desk

Mumbai: The Reserve Bank of India on Friday reported that 87 percent of the Rs 2,000 notes have been returned till September 30, but Rs 10,000 crore notes are still circulating in the market. On the other hand, while 2000 rupees notes are being phased out, on the other hand, there is a discussion that 1000 rupees notes will come into circulation again. The Reserve Bank of India has issued a clarification on the social media and public debate. Officials have clarified that the RBI has no intention of re-circulating the Rs 1000 note. RBI has not even thought of issuing any new Rs 1000 note. News agency reported on Twitter that the RBI has no plans to bring back the Rs. 1000 notes,

Enough Rs 500 notes to maintain cash flow

The Reserve Bank of India, in a statement, said the government has printed enough Rs 500 notes to maintain cash flow in the market so that people do not face cash-related problems. At the same time, the use of digital payments has reduced people's need for cash. RBI says that there is

Demonetization took place in 2016. Notably, in 2016, the central government had demonetized the old Rs 1000 and Rs 500 notes and replaced them with new Rs 500 and Rs 2000 notes. However, now the government has also withdrawn the Rs 2000 note. The deadline for depositing and exchanging Rs 2000 notes in banks has expired.

Rs 2000 rupee notes can still be exchanged here

However, currently you can exchange and deposit Rs 2000 notes at RBI offices. RBI has a total of 19 regional offices in the country where Rs 2000 notes can be exchanged. RBI had extended the date of deposit and exchange of Rs 2000 notes in banks till October 7. Even after that some people did not deposit all the Rs 2000 notes. Currently Rs 2000 notes are being deposited in RBI regional offices.

People still have Rs 10,000 crore notes

Reserve Bank of India Governor Shaktikanta Das said that Rs 2,000 notes are coming back. Now people have only Rs 10,000 crore notes. He believed that these notes will also be returned. He was speaking at an event in Delhi. Rs 2,000 notes are making a comeback and currently only Rs 10,000 crore notes are left in the market. Das said that he hoped that these notes would also be returned. 87 percent of the demonetised Rs 2,000 notes have returned as deposits in banks.