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As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation.
“So far, Rs 1.80 lakh crore have come back after the announcement,” he said during an interaction with media after releasing the bi-monthly monetary policy here.
About 85 per cent of Rs 2,000 notes are coming as deposits in bank accounts and this is in line with expectation, he said.
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The governor also urged the public not to panic for exchange or deposit of Rs 2,000 notes but should avoid last minute rush.
He also made it clear that RBI is not thinking of withdrawing Rs 500 notes, or even re-introducing notes in the Rs 1,000 denomination, and requested the public not to speculate on this.
Last month, the RBI governor had said the majority of the withdrawn Rs 2,000 currency notes are expected to be returned to the banking system by the September 30 deadline.