After 30 September, though the Rs2000 notes will continue to remain legal tender, however, they will not be accepted for transaction purposes and can only be exchanged with the RBI.n
On 2 September, RBI had said that as much as 93 percent of 2000 banknotes that were in circulation on May 19 have been returned to banks.
The Data collected from major banks indicated that out of the total banknotes in 2000 denomination received back from circulation, about 87 percent is in the form of deposits while about 13 per cent has been exchanged into other denomination banknotes.
On May 19, the RBI decided to withdraw the 2000 denomination banknotes from circulation but said it would continue to remain as legal tender. However, RBI had advised banks to stop issuing such banknotes with immediate effect.
