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RBI said on Friday that it will soon issue Rs.10 and Rs.500 banknotes in the Mahatma Gandhi (New) Series, each bearing the signature of Governor Sanjay Malhotra.

RBI to issue Notes of Rs.10 and Rs.500 bearing Signature of Guv Malhotra

RBI has announced that 98.08% of the Rs.2,000 banknotes in circulation have been returned. However, the currency notes that remain in circulation are still considered legal tender.

RBI says 98.08% of Rs.2000 notes returned; Banknotes worth Rs.6,839 crore still in Circulation

RBI emphasized that, as of the close of business on February 29, 2024, the total value of Rs.2,000 banknotes in circulation had decreased to Rs.8,470 crore from Rs.3.56 lakh crore on May 19, 2023, the day the withdrawal was announced.

Rs.2000 Banknotes Withdrawal: Total value of Banknotes in circulation declined to Rs.8,470 crore by Feb end

People can send Rs 2,000 banknotes through insured post to Reserve Bank regional offices for credit in their bank accounts.

Rs 2,000 notes can be sent by post to RBI offices for direct credit in bank accounts

RBI had announced withdrawal of Rs.2000 denomination banknotes from circulation in May 2023 and now has extended the Due Date to deposit Rs.2000 banknotes.

Due Date to deposit Rs.2000 Denomination Banknotes extended till Oct 7, 2023

Deadlines for numerous major schemes and government initiatives, like as deposit/exchange of Rs.2000 notes, submission of Aadhaar numbers for modest saving schemes, and free Aadhaar updates, are coming in September.

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RBI to issue Notes of Rs.10 and Rs.500 bearing Signature of Guv Malhotra

RBI says 98.08% of Rs.2000 notes returned; Banknotes worth Rs.6,839 crore still in Circulation

Rs.2000 Banknotes Withdrawal: Total value of Banknotes in circulation declined to Rs.8,470 crore by Feb end

Rs 2,000 notes can be sent by post to RBI offices for direct credit in bank accounts

Due Date to deposit Rs.2000 Denomination Banknotes extended till Oct 7, 2023

From Deposit Rs.2000 Banknotes Last Chance to Link PAN-Aadhaar: Important Financial Deadlines in September