About 89 million notes of Rs 1000 rupee currency have not come back to the system out of a total of 6700 million notes that were in the system as on November 8, according to data released by Reserve Bank of India (RBI) in its annual report. Only 1.3 percent of Rs 1000 notes didn’t return after the demonetisation exercise.
This is the first time the central bank is revealing details on the remonetised notes after the November 8, 2016 withdrawal of old Rs 1000 and Rs 500 currency notes was announced.
The central bank said that the value of notes in circulation was down 20.2 percent YoY to Rs 13.1 lakh crore till March-end from a year ago. On the other hand, volume of notes in circulation has increased by 11.1 percent.