Daijiworld Media Network – Mumbai

Mumbai, Mar 3: The Reserve Bank of India (RBI) has kept the window open for the exchange and deposit of Rs 2,000 denomination notes, with an impressive 98.18% of the notes already returned into the banking system. As of now, only Rs 6,471 crore worth of Rs 2,000 notes remain in circulation since the announcement to withdraw them in May 2023.

The RBI had initially announced the withdrawal of Rs 2,000 notes on May 19, 2023, with a total value of Rs 3.56 lac crore in circulation. Since then, the central bank has successfully retrieved almost all of these notes, leaving only a small percentage still with the public.

The facility to deposit and exchange these notes at banks was available until October 7, 2023. However, as of October 9, the RBI's distribution offices have continued to accept Rs 2000 notes for deposit into bank accounts.

For those still holding on to Rs 2,000 notes, the opportunity to deposit them remains open. Individuals can now send their notes to RBI offices via India Post or directly deposit them at RBI offices located in cities such as Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Guwahati, Jammu & Kashmir, Kanpur, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Jaipur, Hyderabad, Kolkata and Thiruvananthapuram.