2000 Rupees Note Exchange Deadline: The deadline for exchanging 2000 rupee notes has come near, but still 2000 rupee notes worth Rs 24,000 crore have not returned to the banking system.
In such a situation, the question arises whether the Reserve Bank will further extend the deadline for returning Rs 2000 notes? According to the report of Money Control, RBI can extend the deadline for exchanging Rs 2000 notes till October 31. A senior official has informed on condition of anonymity that RBI is considering extending the deadline.
Talking on this matter, the senior officer said that there are many reasons behind extending the deadline, but one of the main reasons is that many Indians live abroad. In such a situation, these NRIs will get one more month’s time, through which they will be able to easily deposit Rs 2000 notes back in the banks.
How many notes have come back?
The Reserve Bank of India had announced to withdraw Rs 2000 notes on May 19, 2023. According to the central bank, as on March 31, 2023, a total of Rs 2000 notes worth Rs 3.62 lakh crore were in circulation,
which had come down to Rs 3.56 lakh crore by May 19. According to the data released on September 1, 2023, Rs 2000 notes worth Rs 3.32 lakh crore had returned to the banking system. In such a situation, by the beginning of September, a total of 93 percent notes have already entered the banking system. Even after this, notes worth about Rs 24,000 crore are still left.
RBI wants 100% return of currency notes
According to experts, the Reserve Bank is trying to get 100 percent of the Rs 2000 notes back into the banking system. For this, the bank can extend the deadline for withdrawal of Rs 2000 notes. This will give some time to the people living abroad and they will also be able to return the Rs 2000 notes to the banking system.
How to return Rs 2000 notes
If you also have old notes of Rs 2000, then return it today itself. For this you go to your bank or post office. Go there and fill a form. Keep in mind that only up to Rs 20,000 can be refunded at a time. Submit the form and after that an amount equal to that amount will be deposited in your account.
