₹2,000 notes won't be exchanged or deposited on April 1: What RBI said

The facility for the exchange of the ₹2000 banknotes has been available at the 19 issue offices of the Reserve Bank (RBI Issue Offices) since May 19, 2023.

Published on: Mar 29, 2024, 08:30:40 IST

By HT News Desk

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The Reserve Bank of India (RBI) said that the facility of exchange and deposit of ₹2000 banknotes will not be available on April 1 at 19 issue offices of the central bank. It cited operations associated with the annual closing of accounts as the reason for the temporary halt.

A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters, in Mumbai.

When will the facility resume?

The RBI said in the release that this facility will resume on April 2.

When did this facility begin?

The facility for the exchange of the ₹2000 banknotes has been available at the 19 issue offices of the Reserve Bank (RBI Issue Offices) since May 19, 2023. From October 9, 2023, RBI Issue Offices also began accepting ₹2000 banknotes from individuals / entities for deposit into their bank accounts.

How many ₹2000 notes have been returned?

When did RBI withdraw ₹2,000 banknotes?

When were ₹2000 banknotes introduced?

The RBI introduced ₹2,000 banknotes in November 2016 after the withdrawal of the legal tender status of all ₹500 and ₹1,000 banknotes in circulation.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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