September 30 has been decided as the last date for the purpose of completing the exercise in a time-bound manner and to provide adequate time to the public. RBI may or may not revisit the September deadline based on the situation going ahead. Rs 2000 Note Withdrawal: 88% Notes Returned to Banking System, Says RBI.
The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.
The Reserve Bank of India (RBI) has announced its decision to withdraw the Rs 2000 denomination banknotes from circulation as part of its Clean Note Policy .