The Finance Minister, Smt. Nirmala Sitharaman in the Ministry of Finance in a written reply to a question raised in Lok Sabha said, "Total value of Rs.500 and Rs.2000 denomination banknotes in circulation as on end-March 2022 was Rs.27.057 lakh crore."
Reetu | Mar 21, 2023 |
Total value of Rs.500 and Rs.2000 denomination banknotes in circulation as on end-March 2022 was Rs.27.057 lakh crore
The Finance Minister, Smt. Nirmala Sitharaman in the Ministry of Finance in a written reply to a question raised in Lok Sabha said, “Total value of Rs.500 and Rs.2000 denomination banknotes in circulation as on end-March 2022 was Rs.27.057 lakh crore.”
No such information or data is available. As per Annual Reports of the Reserve Bank of India (RBI), the total value of Rs.500 and Rs.2000 denomination banknotes in circulation as on end-March 2017 and as on end-March 2022 was Rs.9.512 lakh crore and Rs.27.057 lakh crore.
No instructions have been given to banks for not filling Rs.2000 notes in Automated Teller Machines (ATMs). Banks make their own assessment of amount and denominational requirement for ATMs on the basis of past usage, consumer requirement, seasonal trend, etc.
As per RBI Annual Reports, the indent for supply of Rs.2000 denomination banknotes has not been placed from 2019-20 onwards.
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