2,000 Rupees Note: 2000 notes are hardly being used, RBI Governor said – Deadline may increase

2,000 Rupees Note: 2000 notes are hardly being used, RBI Governor said – Deadline may increase

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New Delhi: The process of exchange and deposit of Rs 2000 notes has started in the country’s banks from today i.e. Tuesday. Banks are preparing to manage the reverse flow of Rs 2,000 notes. RBI has asked banks to maintain separate daily records of notes deposited for exchange and value of notes deposited. The central bank (RBI) said it would seek this data if needed. RBI has also asked banks to maintain adequate shady waiting rooms and drinking water for people in view of the hot summer season. Explain that the Reserve Bank of India (RBI) has decided to withdraw Rs 2000 notes from circulation.

What is Clean Note Policy? What is its relation with withdrawal of 2000 rupee note, understand the whole thing here

Notes can be deposited till 30 September

According to the notification issued by the RBI, the note is being taken out of circulation under the Clean Note Policy. The central bank has asked people to exchange or deposit the Rs 2,000 note in banks by September 30, 2023. Here, in a conversation with the media on May 22, RBI Governor Shaktikanta Das had said that the deadline can be extended after September 30, 2023. However, this decision will be taken on the basis of the number of Rs 2,000 notes.

2000 Notes Update: Note exchange from today, remove all the confusions before going to the bank, you will get complete information here

HDFC Bank sent mail

HDFC Bank (HDFC) has said in an e-mail to customers that customers can exchange Rs 2,000 notes with a limit of Rs 20,000 per day. Meanwhile, several commercial establishments, including petrol pumps and consumer durables, are receiving Rs 2,000 notes. According to food delivery app Zomato, 72% of cash-on-delivery orders on the platform have been paid for in Rs 2,000 notes since Friday.

According to a research note by Bank of Baroda, if even 50 per cent of the total Rs 2,000 notes are deposited in banks, deposits will increase by Rs 1.8 lakh crore.

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