Today is the last day to deposit Rs 2,000 notes, what will happen if you do not exchange them, know RBI instructions

If you also have Rs 2,000 notes. Today (October 7, 2023) is the last chance to change it and deposit it in the account. Two thousand rupee notes will neither be exchanged nor deposited in banks after October 7. If you fail to deposit or exchange these today, then you may have to face problems. The Reserve Bank of India (RBI) announced the removal of these pink notes from circulation on May 19 and had given the facility for their return till September 30, 2023. Later this last date was extended before the end of the deadline, which is ending today.

If for some reason someone is not able to deposit or exchange the Rs 2000 note till today i.e. 7th October, then you will still have 2 options. Reserve Bank of India (RBI) Governor Shaktikanta Das gave information about two options related to this on Friday after the meeting of the Monetary Policy Committee.

Today is the last day to exchange and deposit a Rs 2,000 note. From October 8, banks will stop accepting and exchanging Rs 2,000 notes in accounts. Even after this, this work can be done in two ways. RBI Governor Shaktikanta said that common people and institutions can deposit these Rs 2,000 notes by going to the issue office of RBI. Under this, there is a limit of Rs 20,000 for exchange.

RBI Governor Shaktikanta has also talked about the second option. Rs 2,000 notes can be sent to the RBI issue office through the postal department. This money can be deposited only in their bank account in India.

Shaktikanta Das said that till now we have got back more than 96 percent of the Rs 2,000 notes worth Rs 3.32 lakh crore. There are still Rs 12,000 crore worth of notes left. 87 percent of Rs 2,000 notes have returned to banks as deposits. The remaining notes have been exchanged for other notes. He said that currently Rs 2000 notes worth about Rs 12 thousand crores are in circulation, which are yet to arrive.