The total value of ₹2,000 banknotes in circulation declined to ₹3.62 trillion or 10.8% of notes in circulation on 31 March from ₹6.73 trillion on 31 March 2018, constituting 37.3% of notes in circulation, according to RBI data. “After the announcement that we made, so far, about ₹1.8 trillion of ₹2,000 notes have come back, and this is roughly 50% of such notes in circulation on 31 March,” he said.
Das said RBI is still reconciling the data on how much of this ₹1.8 trillion has been deposited into bank accounts and how much has been exchanged. However, according to provisional numbers, about 85% of this comes from bank deposits.
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