According to the Reserve Bank of India 97.87 percent of Rs 2000 notes have returned to the banking system.
The Rs 2000 banknote, the withdrawal of which was announced in May 19, 2023, continues to be a legal tender, the RBI has said
The Rs 2,000 banknotes continue to be legal tender, RBI said in a press release.
The Rs 2,000 banknotes continue to be legal tender, RBI said on April 1.
Bankers say most notes have returned to the system; some believe the RBI may extend the deadline.
The Reserve Bank of India said on August 1 that Rs 2,000 banknotes worth Rs 3.14 lakh crore, or 88 percent in circulation, have returned to the banking system, as on July 31.
Of the Rs 7,000 crore, the bank has received only Rs 560 crore worth of Rs 2,000 notes in exchange.
In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary replied in negative to a question about whether there is a proposal to extend the deadline for the exchange of Rs 2000 in banks beyond September 30.