The Reserve Bank of India (RBI) has announced that it will not be exchanging or accepting Rs 2,000 notes on April 1 due to the annual closing of accounts. The service will resume on April 2, India's central bank announced.
"The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024, at the 19 Issue Offices of the Reserve Bank of India due to operations associated with the Annual Closing of Accounts. The facility will resume on Tuesday, April 2, 2024," the RBI said in a statement.
As of February 29, the RBI said that approximately 97.62% of the Rs 2,000 currency notes have been returned to the banking system.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
-
-
Andrew Ng On AI At Scale: Building The Intelligence Economy | NDTV World Summit 2026 -
NDTV World Summit 2026: Behind The Scenes As Ayush And Vedika Preview Two-Day Mega Event -
Who Is Rajiv Mehta? Lilavati Hospital Trustee To Speak At NDTV World Summit 2026 -
Ex-CIA Director To Decode 'War In Times Of AI' At NDTV World Summit -
From Call Centre To Billion-Dollar Disruptor: Nikhil Kamath At NDTV World Summit -
'Every 5 Years, You'll See A New India': Swami Sarvapriyananda Ahead Of NDTV World Summit -
Alain Ebobisse, Africa50 CEO, To Attend NDTV World Summit 2026. All About Him -
Kriti Sanon At NDTV World Summit: A Look At Her Career And Business Ventures -
Ex-CIA Director To Decode 'War In Times Of AI' At NDTV World Summit -
Who Is Vikram Rai, CEO, South Asia GE Aerospace, Set To Attend The NDTV World Summit 2026
On May 19, 2023, the RBI announced that the Rs 2,000 bank notes were to be discontinued from circulation, and urged the public to deposit them in banks or exchange them for banknotes of other denominations. This was part of the bank's clean note policy.
However, the RBI has continued to offer the facility of depositing or exchanging Rs 2000 notes at its 19 offices across the country, in key locations such as Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi, Patna, Thiruvananthapuram, Ranchi, and Raipur.
