Over 97% of Rs. 2,000 notes returned, says RBI
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The Reserve Bank of India (RBI) has revealed that over 97% of the Rs. 2,000 notes, which were removed from circulation in May 2023, have been returned. The total value of these banknotes in circulation in India has dropped to Rs. 8,470 crore as of February 29, 2024. This is down from the daunting Rs. 3.56 lakh crore figure as of May 19, last year.