2000 Rupee Notes: The deadline to deposit/exchange Rs 2,000 notes is just three days away. The Reserve Bank of India (RBI) ordered withdrawal of Rs 2,000 notes on May 19, giving people time till September 30 to exchange it or deposit it in banks.
Now a new update has come out regarding Rs 2000 note. According to Bloomberg report, there are still about 240 billion rupees ($2.9 billion), worth about ₹24,000 crore, in circulation. That means they have neither been deposited in the banks nor have they been exchanged.
93% of the notes have been deposited or exchanged
The central bank had said earlier this month that about 93% of the ₹2,000 notes have either been deposited in banks or have been exchanged. “As per data received from banks, the total value of ₹2,000 bank notes withdrawn from circulation till August 31, 2023 is ₹3.32 lakh crore,” the RBI said in a statement in early September. As a result, the value of ₹2,000 bank notes in circulation by the close of business on August 31, 2023 was ₹24,000 crore.’
Process to deposit ₹2,000 notes:
Go to your nearest bank
Fill ‘Request Slip’ for exchange/deposit
The name of ‘Tenderer’ should be filled in capital letters.
Then the member will have to fill the identification number, in this you can use documents like Aadhar Card, Driving License, Voter ID Card, Passport, NREGA Card and Population Register.
The member will have to fill the details of the Rs 2000 note which he will deposit in the bank.
After filling all the information, you have to sign and submit the form along with your ₹2000 notes to get them exchanged at the nearest bank.
What will happen after 30th September?
The notes will remain legal tender even after September 30, but they will not be accepted for transaction purposes and can be exchanged only with the RBI.
