Digital Payments

RBI Confirms 98.37% of ₹2000 Notes Returned to Banks; ₹5,817 Crore Still in Circulation

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RBI Confirms 98.37% of ₹2000 Notes Returned; Only ₹5,817 Crore Remains in Circulation

The Reserve Bank of India (RBI) has announced that 98.37% of all ₹2000 banknotes have been returned to the banking system, marking the near completion of their withdrawal process. According to the RBI’s latest data, released on October 31, 2025, only ₹5,817 crore worth of ₹2000 notes remain in circulation — a significant decline from … Read more

The Reserve Bank of India: RBI Forms 6-Member Payments Regulatory Board (PRB) to Oversee India’s Payment Systems

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The Reserve Bank of India: RBI Forms 6-Member Payments Regulatory Board (PRB) to Oversee India’s Payment Systems

The Reserve Bank of India: The Reserve Bank of India (RBI) has constituted a six-member Payments Regulatory Board (PRB) to oversee India’s payment systems. This Board will be the highest policy making body for regulation and supervision of payment systems in India. About the Payments Regulatory Board (PRB): The Payments Regulatory Board has been established in … Read more