₹2000 currency note exchange: Deadline ends in 4 days. What happens next? Check how to deposit these notes in a bank
₹2,000 banknote notes is just four days away. The Reserve Bank of India (RBI) ordered the withdrawal of the 2,000-rupee note on May 19, giving people time till September 30 to exchange or deposit them with banks There are still almost 240 billion rupees ($2.9 billion), about ₹24,000 crore worth of notes in circulation, Bloomberg reported. As much as 93% of the ₹2,000 currency notes have either been deposited or exchanged at banks, the central bank said earlier this month.
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here "According to the data received from the banks, the total value of ₹2,000 banknotes received back from circulation is ₹3.32 lakh crore up to August 31, 2023. Consequently, the value of ₹2,000 banknotes in circulation as of the close of business on August 31, 2023, stood at ₹24,000 crore.
Thus, 93% of the ₹2,000 banknotes in circulation as of May 19, 2023, have since been returned," said RBI in a statement on 1 September 2023. 1)Go to your nearest bank 2)Fill ‘Request Slip’ for exchange/deposit 3)One should fill in the ‘Tenderer’ name in capital letters. 4)Then the member should fill up their Unique Identification Number of the accepted identity proof.
(Aadhaar Card, Driving License, Voter ID Card, Passport, NREGA Card, and Population Register) 5) The member should fill in the details of the 2000 note that they will submit for exchange. This will include, the number of pieces, and total value 6) After filling in all the details, you need to sign and submit the form along with their ₹2000 notes to get them exchanged from the nearest bank. The facility for exchanging ₹2000 notes is available at 19 Regional
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