2000 Rupee Notes: Where did all the 2000 notes go from the market? RTI replied!
Where did the Rs 2,000 note go? If this question has come to your mind recently, then RTI can give you the answer. According to an RTI reply, the Reserve Bank of India (RBI) has not printed a single new note of Rs 2,000 denomination in the last two years.
According to an RTI reply received from the Reserve Bank of India Note Mudran, which operates under the RBI, the '0' number of 2,000 denomination notes was printed in 2019-20, 2020-21, and 2021-22.
The RTI reply also indicates that there has been a sharp decline in the number of Rs 2,000 notes in circulation. The RTI response clearly shows a trend that suggests that a conscious decision has been taken to reduce the share of Rs 2,000 notes in circulation.
The Reserve Bank of India Note Mudran disclosed that it had printed 3,542.991 million notes of Rs 2,000 denomination in the financial year 2016-17, which reduced to 111.507 million notes in 2017-18 and to 46.690 million notes in 2018-19.
The Rs 2,000 note is the highest denomination currency in India. On November 8, 2016, the central bank introduced a new Rs 2,000 note after the government announced the closure of the old Rs 500 and Rs 1,000 notes.
Recently, the government said in a reply in Parliament that the number of fake Rs 2,000 notes seized in the country has increased from 2,272 to 2,44,834 between 2016 and 2020, according to NCRB data.
As per the data, the total number of counterfeit Rs 2,000 notes seized in the country in 2016 was 2,272, which increased from 74,898 in 2017, to 90,566 notes in 2019, registering a huge jump of 2,44,834 notes in 2020. was before. According to the RTI reply, the central bank has stopped printing Rs 2,000 from 2020.
“More than 90 percent of the counterfeit notes detected in the banking system were of substandard quality and no major security features were compromised. Details of the security features of these notes are displayed on the RBI website for the general public "