Reserve Bank of India has taken a big decision regarding Rs 2000 note. The previously scheduled date for exchange or deposit of Rs 2000 notes has been extended. Now the people of the country can deposit or exchange Rs 2000 notes in the bank till this day of October.
There is good news for those who still have Rs 2000 notes lying at home. Reserve Bank of India has extended the already fixed date for deposit and exchange of Rs 2000 notes. Now till October 7, Rs 2000 notes, from common to special, can be deposited or exchanged in any bank. Earlier the Reserve Bank had fixed September 30 as the deadline for exchanging or depositing Rs 2000 notes.
The Reserve Bank of India had issued a circular on May 19, 2023 to remove the Rs 2000 note from circulation. Then RBI had said that people have 4 months to exchange or deposit the Rs 2000 note in the bank. Till September 30, any person can deposit or exchange Rs 2000 note in any bank. But, everyone from traders to the general public urged the Central Government and the Reserve Bank to extend the already set deadline. After this the Reserve Bank gave people one more chance of one week. It extended the already fixed deadline for depositing or exchanging Rs 2000 notes from 30 September to 7 October.
As the period specified for the withdrawal process has come to an end, and based on a review, it has been decided to extend the current arrangement for the deposit/exchange of Rs 2000 banknotes until October 07, 2023: Reserve Bank of India pic.twitter.com/ovDz0aCjrm
93 percent of Rs 2000 notes are back in the banking system
According to the Reserve Bank of India, by September 1, 93 percent of Rs 2000 notes were returned to the banking system. The total value of these notes is Rs 3.32 lakh crore. However, then RBI had said that still 7 percent of Rs 2000 notes worth Rs 24,000 crore are still present in the market. Soon these notes will also be back in the banking system. The special thing is that according to the data taken from different banks, 87 percent of the deposited Rs 2000 notes have been deposited in the bank account of the person concerned. The remaining 13 percent amount has been exchanged with other notes.
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