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Reserve Bank of India (RBI) has extended the last date for depositing and exchanging Rs 2,000 denomination currency notes

in National September 30, 2023 Comments Off on Reserve Bank of India (RBI) has extended the last date for depositing and exchanging Rs 2,000 denomination currency notes 309 Views

New Delhi: 30/9/23:The Reserve Bank of India (RBI) has extended the last date for depositing and exchanging Rs 2,000 denomination currency notes by one week.

The central bank had notified earlier that all Rs 2,000 banknotes must be exchanged by September 30. Today, RBI extended the deadline to October 7.

By September 29, RBI informed it had collected Rs 3.42 lakh crore worth of Rs 2,000 banknotes following its circular on May 19 announcing that the currency notes would be withdrawn from circulation. As of yesterday, Rs 0.14 lakh crore worth of 2,000 denomination notes were still in circulation.

RBI clarified that from October 8, all banks will not be accepting Rs 2,000 notes for credit to accounts or exchange into other denominations. However, the public can approach the 19 RBI Issue offices to exchange Rs 2,000 banknotes up to a limit of Rs 20,000 at a time after October 8.

The notes can also be sent to RBI Issue offices through India Post and the amount will be credited to respective bank accounts. Such exchange or credit will be subject to relevant regulations of RBI or Central government, submission of valid identity documents, and due diligence as deemed fit by the central bank.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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