"Bulk of Rs 2,000 notes have come back and so it has largely met our original objective of withdrawal of Rs 2000 notes," said RBI Governor Shaktikanta Das
The former finance minister also said that withdrawing both the Rs 1000 and Rs 500 currency notes were a grave mistake, one that had not been accepted by the people of the country.
However, it should be noted that Rs 2000 notes will remain legal tender. Banks have been directed to provide deposit and/or exchange facilities for Rs 2000 notes until September 30, 2023, to allow sufficient time for the public to complete the process.
Rs 2000 Note Withdrawal: Discussion on Legal Matters. Why the Cut-Off Date If Rs 2,000 Notes Will Remain Legal Tender? Not the legality but the logic is in doubt.