Have you still kept Rs 2000 notes with you? If yes, then you have very little time left. In any case, you have to exchange or deposit such notes (Rs 2000 note return) by 30th September. If you do not do this you may suffer loss. As you know, the Reserve Bank of India (RBI) had announced the removal of Rs 2,000 notes from circulation in the month of May this year. Here you should also understand that Rs 2000 note will not lose its value in the market, but will remain a legal tender.
About 93 percent of the notes have returned
New data released by the Reserve Bank of India states that by August 31, 2023, 93 percent of the Rs 2000 notes have been returned to the RBI. Only 7 percent notes are present in the market or in circulation. The central bank said that those who have not yet deposited or exchanged the Rs 2000 note can go to the bank and exchange it. Many e-commerce companies said that they will stop accepting Rs 2000 notes on cash on delivery orders after a few days.
Notes worth ₹0.24 lakh crore are still running in the market
According to the data received from banks, the total value of Rs 2000 notes returned till August 31, 2023 is Rs 3.32 lakh crore. Similarly, Rs 2000 notes worth Rs 0.24 lakh crore are still circulating in the market. On May 19, the Reserve Bank of India had announced the withdrawal of Rs 2,000 bank notes from circulation. Rs 2,000 notes (Rs 2000 note) were introduced by the government in 2016 after demonetization of Rs 500 and Rs 1,000 notes. Its objective was to tackle corruption through black money in the market.