What will happen if you don't deposit Rs 2,000 notes by September 30?
Deadline to exchange or deposit Rs 2,000 notes by September 30; non-compliance may result in legal consequences.
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Deadline to exchange or deposit Rs 2,000 notes by September 30; non-compliance may result in legal consequences.
The Reserve Bank of India (RBI) has given Indians until the end of September to return approximately $3 billion worth of now-withdrawn Rs 2000 notes. The notes were introduced in 2016 to meet currency requirements but were not widely used for transactions. As of August 31, 93% of the withdrawn notes had been returned to banks, leaving about 7% still with the public. After September 30, the notes will remain legal tender but will not be accepted for transactions and can only be exchanged with the RBI.
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E-commerce giant Amazon will stop accepting Rs.2,000 banknotes on cash on delivery services from September 19. The update comes at a time when the deadline to exchange or deposit the Rs.2,000 note is inching closer.
Karnataka Chief Minister Siddaramaiah on Monday said that Congress MP Rahul Gandhi and AICC President Mallikarjun Kharge will attend the mega launch event of the Griha Laxmi guarantee scheme under which women heads of BPL families will get Rs 2,000 monthly allowance.