RBI had only one fourth of scrapped notes on November 8, reveals RTI

RBI had 2,473 million pieces of 2,000 rupee notes on 8 November which had a value of over Rs 4.94 lakh crore.

RBI had only one fourth of scrapped notes on November 8, reveals RTI

On November 8, the day Prime Minister Narendra Modi announced the ban of Rs 1,000 and Rs 500 notes, RBI had only Rs 4.94 lakh crore in 2,000 rupee notes, which was approximately one-fourth of over Rs 20 lakh crore it had in demonetised currency notes.

An RTI response to Mumbai-based activist Anil Galgali from Reserve Bank of India says on 8 November, it had Rs 9.13 lakh crore in 1,000 rupee notes while Rs 11.38 lakh crore in 500 rupee notes.

RBI says that it had 2,473 million pieces of 2,000 rupee notes on 8 November which had a value of over Rs 4.94 lakh crore.