No proposal to extend deadline for exchange of Rs 2,000 notes
The Reserve Bank, in a surprise move, on May 19 announced withdrawal of Rs 2,000 notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks.
The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of Rs 2,000 notes beyond September 30, 2023.
In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary replied in negative to a question about whether there is a proposal to extend the deadline for the exchange of Rs 2000 in banks beyond September 30.
“At present, this matter is not under consideration,” the minister said.
Chaudhary also replied in negative to another question about whether the government is planning to demonetise other high-denomination currency notes to eliminate black money.