The Reserve Bank of India has provided an update on the withdrawal of ₹2000 notes, effective until October 7, 2023. All bank branches will facilitate the deposit and exchange of these notes during this period.
Withdrawal of ₹2000 Denomination Banknotes Status Update
The Reserve Bank of India (RBI) has issued a statement regarding the status of the withdrawal of ₹2000 denomination banknotes from circulation, following press release number 2023-2024/257 dated May 19, 2023. The last update on this matter was provided in a press release published on April 1, 2026.
According to the announcement, the facility for the deposit and exchange of ₹2000 banknotes is available at all bank branches across the country until October 7, 2023. This measure aims to ensure a smooth transition for the public and minimize disruption.
Practitioners should advise clients accordingly, ensuring they are aware of these deadlines to facilitate the timely deposit or exchange of their ₹2000 notes.
Citations
- Reserve Bank of India Press Release (2023)
