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The Reserve Bank of India (RBI) has extended the deadline for exchanging Rs 2,000 notes until October 7, 2023. According to the RBI, about 96% of the Rs 2,000 banknotes have been returned to the banking system since the decision to withdraw the note from circulation. Starting from October 8, all branches will cease the procedure for exchange or deposit of the currency.
The Reserve Bank of India (RBI) has now clarified what will happen to Rs 200 currency notes when new deadline of October 7, 2023 expires.
A man filed a complaint against an employee of a petrol pump in South Extension Part-1 here after the attendant allegedly refused to accept a Rs 2,000 note, police said on Saturday.
The future of Rs 2000 note will depend on whether RBI is successful in getting back all the Rs 2000 notes that's currently circulating in the economy.
Rs 2,000 banknotes withdrawn: The petroleum dealers' association said that before the withdrawal of Rs 2,000 notes, petrol pumps used to get 10 per cent of their cash in the form of Rs 2,000 notes, which has now jumped to 90 per cent.