2000 Note Exchange Rules: Can you exchange your Rs 2000 note from the post office? Let us know what RBI rules say about this.
2000 Note Exchange Rules – Rs 2000 notes exchange limit at a bank branch?
2000 Note Exchange Rules: The Reserve Bank of India (RBI) has decided to remove the Rs 2000 note from circulation. People have time till September 30, when they can go to the bank and exchange their Rs 2000 note. For this, this service has started from today i.e. May 23, 2023. In such a situation, people will start going round the banks with their 2000 rupee notes.
According to sources, the facility of changing 2000 rupee notes will be available only in banks and it cannot be changed by going to post offices. However, customers can deposit Rs 2000 notes in post offices as these notes are still legal tender.
Last week on Friday, the RBI, while taking out the Rs 2000 note from circulation, said that from May 23, people can exchange or deposit their Rs 2000 notes in banks. However, RBI said that Rs 2000 notes will continue to be legal tender. Along with this, the Reserve Bank has also prohibited banks from issuing 2000 rupee notes.
Why were 2000 rupee Note issued
Let us tell you that after the demonetisation of Rs 1000 and Rs 500 notes, when there was a shortage of money in the economy, Rs 2000 notes were issued to fill the gap. Although RBI has now decided to take this note out of circulation. By September 30, 2023, you will be able to deposit Rs 2000 notes in your bank account by visiting any bank branch. Along with this, you can also change your 2000 rupee note by going to banks.
Till when the notes can be changed
Reserve Bank Governor Shaktikanta Das said on Monday that from May 23, 2023, notes of Rs 2000 can be exchanged for notes of other value at a time in any bank. RBI has set its limit at Rs 20,000. Das said that people have been given time till September 30, 2023, so that they take this process seriously and this process does not become endless.
