Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. The rest over 33 percent continued to remain out of the banking system.
In fact, following the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 lakh crore.
On June 8, announcing the second monetary policy review of the fiscal, Das had said around Rs 1.8 lakh crore worth of the Rs 2,000 notes have been returned,m.
This accounts for approximately 50 per cent of the notes in circulation as of March 31, of which 85 per cent had come in deposits and the rest in exchange.