The Reserve Bank of India (RBI) on September 30, 2023, issued a notification regarding the ₹2000 Denomination Banknotes and its withdrawal from circulation with reference to the circulars DCM(Plg)No.S-236/10.27.00/2023-24 dated May 19, 2023 and DCM(Plg)No.S-239/10.27.00/2023-24 dated May 22, 2023 on the same subject.
As the period specified for the withdrawal has come to an end, and based on a review, it has been decided to extend the current arrangement for the deposit/exchange of ₹2000 banknotes until October 07, 2023.
With effect from October 8, 2023, banks shall stop accepting ₹2000 banknotes for credit to accounts or exchange to other denomination banknotes.
All instructions issued under para 3A of our circular DCM(Plg)No.S-236/10.27.00/2023-24 dated May 19, 2023 in the matter shall continue to remain in force. Banks shall also ensure that ₹2000 banknotes collected by their branches till October 07, 2023, are deposited at currency chests on or before October 13, 2023.
A copy of the Press Release may also be displayed in the banking hall, ATM kiosks, etc., for information of the customers/public.
[Notification No. RBI/2023-24/64 DCM(Plg) No. S-1288/10.27.00/2023-24]
