2000 note exchange: Deadline ends in 3 days

September 27, 2023 19:55
2000 note exchange: Deadline ends in 3 days

(Image source from: Indiatimes.com)

2000 note exchange: Deadline ends in 3 days:- The deadline to exchange Rs 2000 currency notes is just three days away. On May 19th the Reserve Bank of India ordered the withdrawal of Rs 2000 rupee notes and asked the people to deposit the notes in the bank before September 30th.

There are nearly 240 billion rupees, that is Rs 24,000 Cr worth of 2000 notes in circulation, according to Bloomberg. According to the RBI date, only 93 per cent of the 2000 notes have been deposited in the banks to date for exchange.

RBI in the statement on September 1st stated that, “According to the data received from the banks, the total value of ₹2,000 banknotes received back from circulation is ₹3.32 lakh crore up to August 31, 2023. Consequently, the value of ₹2,000 banknotes in circulation as of the close of business on August 31, 2023, stood at ₹24,000 crore. Thus, 93% of the ₹2,000 banknotes in circulation as of May 19, 2023, have since been returned”.

After the 30th of September, the legal tender of 2000 currency notes will come to an end, and all the notes outside will be of no use.

Rush to the nearest banks to exchange your leftover 2000 currency notes. By taking a request slip of exchange or deposit, Rs 2000 notes can be deposited in banks by providing an authenticated identity proof of depositer.

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Tagged Under :
2000 notes  RBI