Rs 2,000 notes will not become invalid even if they cannot be exchanged by September 30, explained by RBI governor

New Delhi:The Reserve Bank of India (RBI) has set a deadline for the countrymen to exchange Rs 2,000 notes in banks by September 30. But if someone is unable to exchange rs 2,000 notes by September 30, will that note in their hands become invalid? This question was answered by Reserve Bank of India (RBI) Governor Shaktikanta Das.

The RBI governor on Monday said there was “enough” time to exchange rs 2,000 notes. He added that even after the expiry of the note exchange deadline on September 30, rs 2,000 notes will not become invalid. People will get some more time for this. He added that a specific time frame for exchanging the notes has been set so that people are in a hurry to exchange such notes. He, however, did not comment on when the deadline for exchanging notes could be extended again.