Home FEATURED NEWS Indians Have Days to Find and Deposit $3 Billion in Withdrawn 2,000 Rupee Notes

Indians Have Days to Find and Deposit $3 Billion in Withdrawn 2,000 Rupee Notes

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India’s highest worth banknote will probably be withdrawn in lower than every week — and there’s nonetheless nearly 240 billion rupees ($2.9 billion) price of the notes in circulation.

The Reserve Bank of India ordered the withdrawal of the two,000-rupee observe on May 19, giving folks till the top of September to change or deposit them with banks. While the overwhelming majority of the three.56 trillion rupees have since been banked, 7% of the notes remained in circulation as of Sep. 1.

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