RBI had only Rs 4.94 lakh crore in 2,000 rupee notes on day of demonetisation announcement: RTI

New Delhi: Reserve Bank of India (RBI) has informed that it had only Rs 4.94 lakh crore in 2,000 rupee notes on the day the central government announced scrapping of high denomination notes of Rs 500 and Rs 1,000. 

The figure is approximately one-fourth of over Rs 20 lakh crore it had in demonetized currency notes.

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

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

With PTI Inputs