27 C
Guwahati
Sunday, July 21, 2024

Rs 2,000 Note Exchange and Deposit Allowed Until October 7, 2023: RBI

- Advertisement -
- Advertisement -

The Reserve Bank of India (RBI) on Saturday extended the last date to exchange and deposit Rs 2,000 notes till October 7, 2023.

“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 deposit / exchange of ₹2000 banknotes until October 07, 2023,” the RBI said in an official statement.

- Advertisement -

The earlier deadline for returning Rs 2,000 notes was set to expire today.

The banker’s bank further said that banks will stop accepting Rs 2,000 notes for exchange from October. However, people can till exchange Rs 2,000 notes at 19 offices of the RBI. The notes can also be sent by post to the RBI’s “issue offices” by India Post.

As per RBI, it has has received Rs 3.42 lakh crore worth of Rs 2,000 notes from a total of Rs 3.56 lakh crore in circulation as on May 19. This has left only Rs 0.14 lakh crore worth of Rs 2,000 notes in circulation till September 29.

The data shows 96 per cent of the Rs 2,000 banknotes in circulation as on May 19 has since been returned.

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -