adminThe Reserve Bank of India (RBI), under the leadership of Governor Shaktikanta Das, has seen the successful return of more than 97% of the discontinued Rs 2,000 banknotes. These notes were introduced in November 2016 to combat counterfeiting and black money, and were withdrawn on May 19, 2023. Despite their withdrawal, these notes continue to be a legal tender.
As of October 31, 2023, only Rs 10,000 crore remained in circulation, reducing the total value from Rs 3.56 lakh crore to Rs 0.10 lakh crore. The initial deadline for depositing or exchanging these notes was extended to October 7, with alternative channels like post offices offered for this purpose.
In response to the discontinuation of services at bank branches leading to long queues at RBI offices across India, the RBI introduced hassle-free options for returning these notes. These included insured post or a Triple Lock Receptacle (TLR) form, methods endorsed by RBI Regional Director Rohit P Das as secure and convenient alternatives to queuing at branches.
Special arrangements have been made at the Delhi regional office, which received about 700 TLR forms and provides separate queues for those with fewer notes and for senior citizens and ‘divyangjan’. Individuals can now use any of the RBI’s 19 offices that also provide drinking water facilities and covered waiting areas.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
