Latest news with #Rs2000
Times of Oman
7 days ago
- Business
- Times of Oman
98.26% of Rs 2000 banknotes back with RBI
New Delhi: The Reserve Bank of India (RBI) on Monday released an update on the withdrawal of Rs 2000 denomination banknotes, which was initially announced on May 19, 2023. The update stated that 98.26 per cent of the Rs 2000 banknotes in circulation as of the announcement date have been returned. According to RBI, the total value of Rs 2000 banknotes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023. This figure has now declined to Rs 6,181 crore as of the close of business on May 31, 2025. "The facility for exchange of the Rs2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting Rs2000 banknotes from individuals/entities for deposit into their bank accounts," RBI said in a release. Those 19 RBI issue offices are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. "Further, members of the public are sending Rs 2000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts, the bank further added. The RBI reiterated that the Rs 2000 banknotes continue to be legal tender. The Rs 2000 banknote was introduced in November 2016, primarily to meet the currency requirements of the economy expeditiously after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time. The objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, the printing of Rs 2000 banknotes was stopped in 2018-19.
India Gazette
02-06-2025
- Business
- India Gazette
98.26% of Rs 2000 banknotes back with RBI
New Delhi [India], June 2 (ANI): The Reserve Bank of India (RBI) on Monday released an update on the withdrawal of Rs 2000 denomination banknotes, which was initially announced on May 19, 2023. The update stated that 98.26 per cent of the Rs 2000 banknotes in circulation as of the announcement date have been returned. According to RBI, the total value of Rs 2000 banknotes in circulation stood at Rs 3.56 lakh crore at the close of business on May 19, 2023. This figure has now declined to Rs 6,181 crore as of the close of business on May 31, 2025. 'The facility for exchange of the Rs2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting Rs2000 banknotes from individuals/entities for deposit into their bank accounts,' RBI said in a release. Those 19 RBI issue offices are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. 'Further, members of the public are sending Rs 2000 banknotes through India Post from any post office within the country, to any of the RBI Issue Offices for credit to their bank accounts, the bank further added. The RBI reiterated that the Rs 2000 banknotes continue to be legal tender. The Rs 2000 banknote was introduced in November 2016, primarily to meet the currency requirements of the economy expeditiously after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time. The objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, the printing of Rs 2000 banknotes was stopped in 2018-19. (ANI)
Express Tribune
04-03-2025
- Business
- Express Tribune
Afghanistan responsible for K-P security situation
Highlighting the deteriorating law and order situation in the province - especially in the newly merged districts, Khyber- Pakhtunkhwa Chief Minister Ali Amin Gandapur attributed it directly to the security situation in neighboring Afghanistan. He made these remarks during his meeting with British High Commissioner to Pakistan, Jane Marriott, at his office on Tuesday. They discussed the matters of mutual interest, particularly the role of British donor agencies in public welfare initiatives, regional security, and other relevant issues. During the meeting with British HC, Gandapur stressed the need for serious and result-oriented efforts to find a sustainable solution to this longstanding issue, warning that if the security challenges in the merged districts are not addressed promptly, they could escalate and affect the entire country. He further informed the British envoy that the provincial government had formed a Jirga to initiate dialogue with Afghan counterparts, and all necessary preparations for sending the delegation were complete. However, since the matter falls under the jurisdiction of the federal government, the KP administration is awaiting approval of the terms of reference (TORs) for the negotiations, said the K-P CM. He emphasized that lasting peace in the region was not just in Pakistan's interest but also in the interest of the entire region and the global community. He called on the world community to work collectively towards a permanent resolution through dialogue. Touching upon the financial challenges faced by the province, the Chief Minister criticized the federal government for not releasing KP's due share under the National Finance Commission (NFC) Award, particularly for the newly merged districts. He stated that over Rs2000 billion in net hydel profit payments remain unpaid by the federal government.
