RBI issued the status of the Withdrawal of ₹2000 Denomination Banknotes

Nov 02, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Reserve Bank of India (RBI) on November 01, 2023, issued the status of the Withdrawal of ₹2000 Denomination Banknotes.

The facility for deposit and/or exchange of the ₹2000 banknotes was available at all bank branches in the country initially up to September 30, 2023, which was later extended up to October 07, 2023.

The members of the public from within the country can send ₹2000 banknotes through India Post from any post office in the country to any of the RBI Issue Offices for credit to their bank accounts in India. The format of the application for credit into the bank account is enclosed.

The window for deposit and/or exchange the ₹2000 banknotes continues to be available at the 19 Issue Offices of RBI. Members of the public are requested to avail the facility of sending the ₹2000 banknotes through the post offices of India Post. This will obviate the need for travel to RBI Offices for deposit/exchange of the ₹2000 banknotes.

The ₹2000 banknotes continue to be legal tender.

[Press Release: 2023-2024/1222]


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