pan card , aadhar card needed need if you deposit 2000 note above limit

New Delhi: The Reserve Bank of India (RBI) has decided to withdraw the Rs 2000 note from circulation. RBI made a big announcement regarding the 2000 rupee note and announced its closure. Although these notes will remain legal tender, the central bank has asked people to exchange or deposit Rs 2,000 notes between May 23 and September 30. Guidelines have been issued for this. According to RBI guidelines, you can change up to Rs 20,000 (10 notes) from the bank in a day. At the same time, rules have also been given regarding depositing in the bank account. RBI has asked banks to follow banking deposit norms.

Rules for depositing in bank account

RBI has issued a limit of Rs 20,000 for note exchange. There is no fixed limit for depositing in the account. You can deposit as much as you want into your account, but subject to banking rules. That is, you have to follow the rules made by RBI to deposit cash in the bank account.

How much cash can be deposited in a day.

According to RBI guidelines, there is a limit of Rs 20,000 for exchanging notes every day, but if you deposit the notes in a bank account, then this limit is not applicable. RBI has not set any limit for depositing money in the account, but if you deposit a large amount of cash in your bank account together, then you may be asked about the source of the money.

Without these documents you will not be able to deposit cash

According to RBI rules, you can get cash deposited in your account up to Rs 50,000 in a day and up to Rs 20 lakh in a year. If you deposit more than this in the cash account, then you will have to give your PAN card, Aadhaar card. Without this, you will not be able to withdraw cash more than the fixed limit. According to RBI guidelines, no person can deposit or withdraw Rs 50,000 in a day and Rs 20 lakh in a year without showing the PAN-Aadhaar card. After this limit, you have to show these two documents to deposit money in your account. Obviously, you have to follow this rule even after depositing 2000 rupees note in your bank account. That is, you can easily deposit 2000 rupees 24 notes in a day without any document, but as soon as its limit goes above 50000 rupees or above, you will have to give PAN card or Aadhaar card along with depositing the note.

Without KYC there will be problem

To deposit Rs 2000 note in bank accounts without any hassle, you must meet KYC norms. If you do not have KYC of your bank account then you will be in trouble. According to the information of RBI, you can change your notes from the bank from 23 May to 30 September. That means you have 4 months time. If you do not deposit the money by the deadline, then you will have to go to RBI to exchange the 2000 rupee notes.