Rs 2,000 notes exchange: The deadline for exchanging Rs 2,000 notes in banks ended on September 30 and was extended by another week.
Since the deadline for exchanging Rs 2,000 notes in banks has expired, it can now be exchanged only at rbi offices. On May 19, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 notes introduced in 2016. People were given time till September 30 to exchange their notes. It was announced that rs 2,000 notes can be credited to their accounts in banks or converted into other currency notes. The deadline ended on September 30 and was extended by another week.
Addressing a press conference in Mumbai on Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das said that 87 per cent of the Rs 2,000 notes worth Rs 3,43,000 crore in circulation have been returned and rs 12,000 crore worth of notes are yet to be returned.
While Rs. 2,000 notes will continue to remain legally valid, they can now be submitted only in 19 offices of the Reserve Bank of India (RBI) and converted into other banknotes and therefore, cannot be exchanged with other banks, the RBI said.