New Delhi: The Reserve Bank of India (RBI) is reportedly mulling over the possibility of extending the deadline for returning Rs 2,000 notes to banks. This potential decision is said to be under consideration, taking into account the circumstances of non-resident Indians (NRIs) and other individuals living overseas. The current deadline for the exchange of Rs 2,000 notes is set to expire on the 30th of this month.
Initially announced on May 19th of this year, the RBI had set September 30th as the deadline for people to deposit or exchange their Rs 2,000 currency notes. However, in a last-minute development, there are indications that the RBI might provide an extension, offering individuals more time to comply with the currency exchange directive.
As of the latest RBI report, 76 percent of the total Rs 2,000 notes are said to have been replaced. The printing of Rs 2,000 notes was discontinued in the fiscal year 2018-19.
Individuals looking to exchange or deposit Rs 2,000 notes can utilise the note exchange facility available at regional offices of the RBI and nearby banks.