RBI Stopped Printing Those 3 Notes!
The reserve bank of india (RBI) has given updates on the nation's foreign money and coins in its modern-day annual record.The withdrawal method for Rs 2000 notes changed into a final done 12 months.Through march 2025, 98.2% of the Rs 356 lakh crore of Rs 2000 notes were returned to banks. As an end result, those notes are now rarely visible in circulation.Rs 500 notes are currently the maximum broadly used denomination, which is around forty. 9% of the whole banknotes are in motion. In phrases of fee, they account for 86% proportion.3. Will not be publishedThe RBI has officially ceased the printing of Rs 2, Rs 5, and Rs 2000 notes. This indicates new inventory of these denominations will now be issued.The quantity of coins in motion grew by 3.6%, and their value expanded by 9.6%. Rs 1, Rs 2, and Rs 5 coins are around 81.6% of the entire coin volume.The RBI's wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital forex (eRs ) noticed a 334% boom in value, achieving Rs 1,016.5 crore. wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital Rs 500 notes dominate the eRs landscape, preserving an 84.4% share.Counterfeit notes for Rs 10, Rs 20, and Rs 2000 denominations have declined. But fake Rs 200 hundred and Rs 500 notes have multiplied.value of printin The value of printing banknotes rose to Rs 6,372.8 crore in FY25, higher than the preceding 12 months. Discarded banknotes at the moment are being repurposed to create particleboard fixtures and indoor substances.The RBI has released the 'Sa-Mudra' challenge to digitize and automate foreign money management methods like sorting and tracking of notes. The cost of printing banknotes rose to Rs 6,372.8 crore in FY25, which is higher than the preceding 12 months.
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Disclaimer: This content has been sourced and edited from Indiaherald. While we have made adjustments for clarity and presentation, the unique content material belongs to its respective authors and internet site. We do not claim possession of the content material.