The Reserve Bank of India (RBI) has issued a time-sensitive directive, requiring Indian residents to deposit $3 billion worth of banknotes that are slated for withdrawal. The RBI justified this move by stating that these notes have fulfilled their intended purpose and are no longer commonly used in transactions. Furthermore, the central bank cited its “clean note policy,” which necessitates the replacement of deteriorating notes within a relatively short four to five-year timeframe. This decision underscores the RBI’s commitment to managing the nation’s currency supply and preserving the quality of circulating banknotes. Indian citizens now face a tight five-day window to comply with this directive before the specified banknotes become obsolete.