What will happen now? Banks stopped accepting Rs 2000 notes, read full news – Dainik Savera Times
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New Delhi: Commercial banks have stopped accepting Rs 2000 notes. Due to this, people have now started standing in queues in 19 offices of the Reserve Bank of India (RBI) to exchange this note. Let us tell you that RBI had announced the withdrawal of Rs 2,000 notes on May 19 this year. This note was introduced after demonetization in 2016.
At that time, Prime Minister Narendra Modi had announced the withdrawal of Rs 500 and Rs 1000 notes from circulation. Last Friday, RBI Governor Shaktikanta Das had said that a total of Rs 2,000 notes worth Rs 3.43 lakh crore have been returned and approximately Such notes worth Rs 12,000 crore are still in circulation. The deadline was till October: In its latest announcement, RBI had asked the public and institutions to deposit or exchange the Rs 2,000 notes in bank branches by September 30.
Later this date was extended to October 7. After this, the facilities for depositing or exchanging these notes were stopped in bank branches. Individuals or entities can exchange Rs 2,000 notes up to a limit of Rs 20,000 at a time across 19 RBI offices.
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