Withdrawal of Rs. 2000 Notes: RBI issues Status Update, says “Rs. 2000 banknotes continue…”

The RBI has provided a status update on the withdrawal of ?2,000 currency notes, confirming that the notes will continue to be valid, but must be exchanged by October 7, 2024. Banks will no longer accept deposits or exchanges of these notes after the deadline. The withdrawal is part of the RBI's efforts to eliminate higher denomination currency notes to curb black money circulation. Citizens are urged to deposit or exchange the notes within the prescribed time to avoid inconvenience.