#Rs2000 : RBI Governor Shaktikanta Das Expects Currency Notes In Circulation Meeting The September 30 Deadline ; Says Avoid Bank Rush

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Reserve Bank of India (RBI) Governor Shaktikanta Das has said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.

Speaking to reporters for the first time since the surprise decision to withdraw the highest denomination currency note was announced, Das said the decision was part of currency management.

#WATCH | #Rs2000CurrencyNote | “Let me assure you, we have more than adequate quantity of notes available already printed. We have more than adequate quantity of printed notes already available in the system – not just with the RBI but also at the currency chests which are… pic.twitter.com/aIV24E5JuP

— ANI (@ANI) May 22, 2023

Rs 2,000 currency notes continue to be legal tender and hence do not rush to the banks , Das added.

#WATCH | #Rs2000CurrencyNote | “…Time is given up to Sept 30 (for exchange of notes) so that it is taken seriously, otherwise, if you leave it open-ended, it become kind of an endless process,” says RBI Governor Shaktikanta Das. pic.twitter.com/vsb34M57qN

— ANI (@ANI) May 22, 2023

Das quoted by ANI further said, “Let me assure you, we have more than adequate quantity of notes available already printed. We have more than adequate quantity of printed notes already available in the system – not just with the RBI but also at the currency chests which are operated by the banks. So, there is adequate stock available and there is no reason to worry.”