Agnecy. only 5 days left to return Rs 2000 notes. Still 7% i.e. 25 thousand crore rupees worth of notes have not returned to the banks. RBI issued a circular on May 19 this year asking to deposit or exchange these notes in banks by September 30.
The RBI has asked to exchange the 2000 note in banks or deposit it in the account, but it has also said that it will remain legal even after this. This is only to encourage people, so that they return these notes to the banks. So far 3,056 billion rupees worth of notes have returned to the banks.
According to the guidelines issued by the government, no document of any kind must be given to exchange notes in the bank. Up to a limit of ₹20,000 at a time, ₹2000 notes can be changed or exchanged into other denominations. If you have an account then you can deposit as many as 2000 notes in the account.
One can continue to use ₹2000 notes for transactions and also receive them as payment. However, RBI has advised depositing or exchanging these bank notes on or before 30 September 2023.
2000 note was introduced in the market in November 2016. Then Prime Minister Narendra Modi stopped 500 and 1000 notes. In its place, a new note of 500 and 2000 was issued in a new pattern. RBI has stopped printing of 2000 notes from the year 2018-19. At the same time, 38 crore 2000 notes have been destroyed in 2021-22.