The RBI announced on Mar 28 that the facility for exchange and deposit of ₹2000 banknotes will not be available on Apr 1 at the central bank’s 19 offices due to operations associated with the annual closing of accounts.   

However, the facility will become operational again on Apr 2, the RBI said.

The facility for the exchange of the ₹2000 banknotes has been available at the 19 issue offices of the RBI since May 19, 2023.

Starting Oct 09, 2023, RBI Issue offices also began accepting ₹2000 banknotes from individuals and entities for depositing them into their bank accounts.

As of Mar 1, 2024, 97.62% of the ₹2,000 bank notes that were in circulation on May 19, 2023, have been returned to the banking system.

The RBI has said that ₹2000 banknotes continue to be legal tender.

(Source: IANS)

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Over 97% of ₹2,000 banknotes have been returned: RBI