Nearly 3% of Rs 2,000 Banknotes Still in Circulation

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Nearly 3% of Rs 2,000 Banknotes Still in Circulation: Here’s How You Can Exchange or Deposit Them

As of December 1, 2023, around 2.7% of Rs 2,000 banknotes, totaling approximately Rs 9,760 crore, are still in use even though the deadline for depositing or exchanging them at banks has passed two months ago.

If you still have Rs 2,000 notes, you can exchange or deposit them at any of the 19 RBI Issue Offices located in major cities like Ahmedabad, Bangalore, Chennai, Delhi, Kolkata, and Mumbai. If visiting an RBI office is not convenient for you, you can use India Post services. Just send your Rs 2,000 notes through any post office in the country to the nearest RBI Issue Office, and the equivalent amount will be credited to your bank account.

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Here are the key details:

  • Last date for exchange/deposit at banks: October 7, 2023
  • Current deadline: November 30, 2023 (only at RBI Issue Offices and through India Post)
  • RBI Issue Offices: Located in 19 major cities across India
  • Exchange/deposit through India Post: Accepted at any post office in the country
  • Amount still in circulation: Rs 9,760 crore (2.7% of total)

It’s essential to note that this opportunity is time-limited. After November 30, 2023, the Rs 2,000 banknote will no longer be legal tender and cannot be used in transactions.

For more details, you can visit the RBI website or get in touch with your nearest RBI office or India Post branch.

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