On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 note from circulation. Along with this, full 4 months time was given from May 23 to September 30, 2023 to exchange and deposit Rs 2000 notes. It has been said by the RBI that these notes should be deposited or exchanged well in time to avoid crowding and inconvenience in banks for exchange of Rs 2000 notes.
Various speculations about 500 and 1000 notes
After the decision to withdraw 2000 notes from circulation, there are many questions in the minds of people. There is a fear of common people whether now 5OO notes can also be withdrawn. There is also a question in the mind of some people that after withdrawing the 2000 note, will RBI once again issue a new note of 1000 rupees? Many kinds of talks are going on about this on social media as well. However, RBI Governor Shaktikanta Das has put an end to these speculations.
Know what the RBI governor replied on these speculations
After the announcement of RBI’s Monetary Policy Committee decision, in the press conference, the RBI Governor was asked a question related to the common people whether like RBI 2000 notes, 500 notes would also be out of circulation. Will new 1000 notes be issued? In response to this question, he said that I do not have any such information. Along with this, he has also made it clear that there is no such idea right now. On the other hand, regarding such speculations, he made a special appeal to the common people and said that they should not pay attention to such rumours.
Nearly 50% of 2000 notes have been returned to the banks so far
The RBI governor also informed during the press conference that till March 31, 2023, a total of Rs 2000 notes worth Rs 3.62 lakh crore were in circulation. At the same time, after the decision to withdraw these notes, about 50% i.e. two thousand notes worth 1.80 lakh crore have been returned to the banks till now. In which 85 percent 2000 notes have been deposited in banks.
Let us tell you that after the meeting of its three-day Monetary Policy Committee, the RBI has announced no change in the repo rate.