According to the Reserve Bank of India (RBI), the Rs 2,000 note will no longer hold its value after September 30.
If you don’t exchange or deposit it in a bank, it will become worthless, warns ANI news agency.
The Deadline Is Today – Exchange Your Rs 2,000 Notes
Back on May 19, RBI removed the Rs 2,000 notes from circulation, providing roughly four months for people to deposit or exchange them.
Today, September 30, marks the deadline for this exchange, and banks are open. Don’t delay – visit your bank branch to deposit or exchange your Rs 2,000 notes for other denominations. All bank branches are accepting Rs 2,000 note exchanges.
The Majority Already Returned
As of the beginning of September, RBI reported that 93 percent of the Rs 2,000 notes taken out of circulation have already been returned to the banks.
According to RBI, data received from banks showed that as of August 31, 2023, a total of Rs 3.32 lakh crore worth of Rs 2,000 notes had been deposited.
This indicates that only Rs 0.24 lakh crore worth of Rs 2,000 notes remained in circulation as of August 31.
How to Exchange Your Notes
People can deposit or exchange their Rs 2,000 notes in their respective bank accounts until September 30.
This service has been available at RBI branches and all other banks across the country since May 23.
To make the process smoother, notes ranging from Rs 2,000 to Rs 20,000 can be exchanged.
Remember to adhere to KYC rules when depositing Rs 2,000 notes into your bank account.
