On May 19, 2023, the Reserve Bank’s 19 issue offices (RBI Issue Offices) opened for business, providing ₹2000 banknote exchange services.
The RBI said that on April 1, the 19 central bank issuing offices will not be offering the option to exchange or deposit ₹2000 banknotes. It explained that the brief stop was necessary for processes related to the annual closing of accounts.
What date will the facilities open again?
Resumption of this facility is scheduled for April 2, according to the RBI announcement.
When was this facility established?
Since May19,2023, the Reserve Bank’s 19 issue offices (RBI Issue Offices) have offered the ability to swap ₹2000 banknotes. Beginning on October 9, 2023, RBI Issue Offices started to accept ₹2000 banknotes for deposit into bank accounts from individuals and entities.
The number of notes that have been returned is ₹2000.
96.62% of the ₹2,000 notes that were in circulation on May 19, 2023, had been brought back into the banking system as of March 1, 2024, according to information provided by RBI. When the central bank closed on February 29, 2024, the total value of ₹2000 banknotes in circulation was ₹8,470 crore, down from ₹3.56 lakh crore on May 19, 2023.
2,000 banknotes were taken out by the RBI when?
The RBI had declared that as part of its clean note strategy, ₹2,000 banknotes would be removed on May 19, 2023.
When was the introduction of ₹2000 banknotes?
In November 2016, the RBI replaced all of the circulating ₹500 and ₹1,000 banknotes that were no longer considered legal tender with ₹2,000 banknotes.
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