2000 Rupee Note Exchange | How to change 2000 notes in the bank, if you do not know then get complete information from here
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Citizens can exchange or deposit Rs 2,000 notes held with them in banks from today, as directed by the Reserve Bank of India. 2000 notes were removed from circulation last week after the IBI’s announcement.
Citizens can exchange or deposit Rs 2,000 notes held with them in banks from today, as directed by the Reserve Bank of India. 2000 notes were removed from circulation last week after the IBI’s announcement. There is no reason for people to rush, RBI governor Shaktikanta Das said, adding that the facility to exchange or deposit Rs 2,000 notes will remain open till September 30, 2023. A separate circular has also been issued by the RBI to all the banks across the country to facilitate the exchange/deposit process in a seamless manner without causing any inconvenience to the public.
As the facility to exchange/deposit Rs 2,000 notes begins today, here are some important frequently asked questions that will make the task easier.People can approach any bank branch to deposit and/or exchange Rs 2,000 notes, RBI said. “The public may approach bank branches to deposit and/or exchange Rs 2,000 notes held with them,” the RBI said.
The central bank said the facility to deposit and exchange Rs 2,000 notes in accounts will be available across all banks by September 30, 2023. It may be noted that the facility of exchange will also be available in those 19 Regional Offices (ROs) of RBI which have issue departments till the deadline.
Can the customer deposit at any bank branch?
Yes. A person can visit any bank branch in the country to exchange Rs 2,000 notes up to a limit of Rs 20,000 at a time. “A non-account holder can also exchange Rs 2,000 notes up to a limit of ₹ 20,000 at a time at any bank branch,” RBI said.
Is there any limit to deposit in a bank account?
As per RBI, customers can make deposits in bank accounts without any restrictions, subject to compliance with extant Know Your Customer (KYC) norms and other applicable statutory/regulatory requirements. Simply put, there will be no restriction on depositing Rs 2,000 notes in bank accounts, but banks will ensure that such transactions comply with Cash Transaction Reporting (CTR) and Suspicious Transaction Reporting (STR) requirements.
Exchange limit of Rs 20,000 at a time
Anyone going to any bank branch to exchange Rs 2,000 notes into other denominations should note that there is a limit of Rs 20,000 at a time. “The public can exchange Rs 2,000 notes up to a limit of Rs 20,000 at a time,” RBI said.
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