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October 7 Is The Last Day To Deposit Rs 2000 Notes In Bank

Tomorrow i.e Saturday October 7 is the last day to deposit Rs 2000 note in the bank or exchange it for another note. 

Earlier today i.e. on Friday, RBI Governor Shaktikanta Das said that more than 96% of Rs 2000 notes have returned to the bank, whose value is ₹ 3.43 lakh crore.

Out of this, 87% notes have been deposited in the bank. The remaining notes have been exchanged for other notes. 

He said that currently Rs 2000 notes worth about Rs 12 thousand crores are in circulation, which are yet to arrive. 

Earlier, the last day for exchanging notes was 30 September, but RBI had extended its last date to 7 October 2023.

After the deadline for depositing notes in the bank, Rs 2000 notes can be changed or deposited in 19 issue offices of RBI. 

Rs 2000 notes up to 20 thousand can be exchanged at a time. 

On the other hand, if anybody want to get it credited to any other bank account, then he can deposit any number of ₹ 2000 notes through the issued office.

Rs 2000 note came in the market in November 2016. Then Prime Minister Narendra Modi had announced the demonetization of Rs 500 and Rs 1000 notes. 

In their place, new notes of Rs 500 and Rs 2000 were issued in the new pattern. 

However, RBI has stopped printing of Rs 2000 notes from the year 2018-19. Whereas in 2021-22, Rs 2000 notes worth Rs 38 crore were destroyed.

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