2000 Rupees Notes Exchange: Last Friday, RBI Governor Shaktikanta Das had said that a total of Rs 3.43 lakh crore notes of 2000 rupees have been returned and such notes worth about Rs 12000 crore are still in circulation.
2000 Rupees Notes Exchange: After commercial banks stopped accepting 2000 rupee notes, people have now started standing in queues at 19 offices of the Reserve Bank of India (RBI) to exchange high denomination notes. RBI had announced withdrawal of Rs 2000 notes on May 19 this year. This note was introduced after demonetization in 2016. At that time, Prime Minister Narendra Modi had announced the withdrawal of Rs 500 and Rs 1000 notes from circulation.
Earlier RBI had given time till 30 September 2023
In its latest announcement, RBI had asked the public and institutions to deposit or exchange the Rs 2000 notes in bank branches by September 30. Later this date was extended to 7 October. After this, the facilities for depositing or exchanging these notes were stopped in bank branches.
RBI had extended the date till 7 October 2023
Last Friday, RBI Governor Shaktikanta Das had said that a total of Rs 3.43 lakh crore of Rs 2000 notes have been returned and such notes worth about Rs 12000 crore are still in circulation. The RBI Governor had given this information that after October 7, people who have Rs 2000 notes left can go to the RBI office to deposit or exchange these notes.
Lines formed in RBI offices to exchange Rs 2000 notes
Now after 7th, when banks refused to deposit or exchange Rs 2000 notes, people were seen standing in lines in many offices of RBI including Delhi to exchange Rs 2000 notes. Individuals or institutions can exchange Rs 2,000 notes up to a limit of Rs 20,000 at a time in 19 RBI offices.
