2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation

by Shambhu Datta Mishra

NEWS HIGHLIGHTS

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024

The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023

The window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI

People from within the country can send Rs 2000 banknotes through India Post from any post office to any of RBI Issue Offices for credit to their bank accounts in India

New Delhi, June 3: About 2.2 per cent or Rs 7,755 crore of the withdrawn Rs 2,000 banknotes are still in circulation, about eight months after the deadline to deposit or exchange them at bank branches was over.

This essentially means 97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business May 19, 2023, the date on which RBI decided to withdraw the banknote.

The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.

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.

People from within the country can send Rs 2000 banknotes through India Post from any post office to any of RBI Issue Offices for credit to their bank accounts in India. 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)

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We Were Fortunate To Get Virat Kohli's Wicket On That Delivery, Says William O'Rourke

by Pabitra Mohan Senapaty

Bengaluru, Oct 18: New Zealand pacer William O'Rourke feels that he was fortunate to take Virat Kohli's dismissal on the ball which was going down the leg in the first Test against India on Thursday.

Kohli departed on a nine-ball duck as he edged the ball which was taken by Glenn Phillips at the leg gully on the second day in Bengaluru. India had an abysmal outing in the first innings under overcast conditions as they were bowled out for just 46 runs, their lowest-ever Test score at home and their third-lowest in history.

"I think just with my angle back in, having that leg gully in place was meant to bring him into play. It was obviously an attacking option for us. We were fortunate to get the wicket. I don’t think that was exactly the delivery I intended, but it worked and I got his wicket, so I’m happy about it," O'Rourke told JioCinema.

The weather conditions and moisture on the pitch supported Kiwi seamers and O'Rourke said he felt like playing at home. "Very similar to the conditions back home. I think we weren't expecting too much assistance in the morning. We were probably going to bat as well if we won the toss. So, it was nice to see the ball nipping around, and I could just run in and do my thing," the pacer said.

"I think we were excellent in the field today. A few diving chances and I think that's what we pride ourselves on. We probably haven't been as good as we wanted to be in the last few Tests. So, coming out here and putting on a show like that was really special," he added.

Playing for the first time in India, O'Rourke returned with the figures of 4-22 in his 12 overs and credited the Sri Lanka series for getting a sense of the subcontinental conditions.

"It’s my first time playing in the subcontinent so it’s obviously a little bit different from back home, but playing those first two Tests in Sri Lanka really helped prepare me to come out here and just focus on doing my own thing," he said.

After dismissing India for a dismal total, the visitors ended day two on 180 for 3, leading by 134 runs. Devon Conway was the standout for the visitors, scoring 91 runs, while Will Young contributed 33. Ravichandran Ashwin, Kuldeep Yadav, and Ravindra Jadeja bagged one scalp each but India face an uphill task to recover from their nightmare start in the series opener.

2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation

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