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Last Date To Exchange ₹ 2,000 Note Is September 30, Clarifies RBI

 Last Date To Exchange ₹ 2,000 Note Is September 30, Clarifies RBI



New Delhi, Sep 30: The Rs 2,000


denomination banknote will cease to have its value after Saturday and will be just another piece of paper if one does not get it exchanged in any bank, the Reserve Bank of India (RBI) clarified on Friday.


The RBI had earlier fixed September 30, 2023, as the last date for the purpose of completing the exercise in a time-bound manner and to provide adequate time to the public


Earlier last month, the RBI said that about 93 per cent of the Rs 2,000 banknotes have returned to the banking system since the central bank in May decided to withdraw the high-value note from circulation.


People were directed to exchange or deposit their Rs 2,000 notes in bank branches and regional branches of RBI. A non-account holder could also exchange Rs 2000 banknotes up to a limit of Rs 20,000 at a time at any bank branch.

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