Withdrawal of Rs 2000 notes is win for real estate, gold, consumer durables

Currency in circulation has declined less when compared to Rs 2000 notes deposits in banks

The withdrawal of Rs 2000 notes has seen throngs of customers flocking to malls, jewellery stores, petrol pumps,

While real estate experts have seen a spurt in land deals and secondary market apartment sales.

On 19 May 2023, RBI decided to withdraw the Rs 2000 denomination banknotes from circulation.

As per RBI, around 1.8 trillion of Rs 2000-rupee notes have come back to the system.

White Bag

Around 85% /Rs 1.5 trillion has come as deposits and the rest are exchanged for other smaller denominations.