2000 Rupee Notes: RBI bans exchange or deposit of 2000 rupee notes! The facility will remain closed on these days

RBI Says: RBI stated that RBI operations will be concerned within the annual closing of accounts, as a result of which the facility of exchange or deposit of Rs 2000 notes will not be out there.

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2000 Rupee Notes: Banking sector regulator Reserve Bank of India has introduced that on April 1, 2024, the primary day of the brand new monetary 12 months 2024-25, the facility of exchange or deposit of Rs 2000 notes will not be out there in its regional workplaces.

RBI issued an announcement saying that on April 1, 2024, its 19 concern workplaces will be busy in Annual Closing of Accounts operations, as a result of which Rs 2000 notes will not be deposited or exchanged on that day. RBI stated that Rs 2000 notes could be deposited or exchanged from April 2, 2024.

The Reserve Bank of India has issued an announcement on March 28, 2024 relating to the exchange and deposit of Rs 2000 notes. In this announcement, RBI stated that on Monday, April 1, 2024, the facility of exchange or deposit of Rs 2000 notes will not be out there on the concern workplaces of the Reserve Bank of India. RBI stated that RBI operations will be linked to the annual closing of accounts, as a result of which the facility of exchange or deposit of Rs 2000 notes will not be out there on that day.

Exchange / Deposit facility of ₹2000 banknotes at RBI – Non-availability on Monday, April 01, 2024

— ReserveBankOfIndia (@RBI) March 28, 2024

Earlier on March 1, 2024, the Reserve Bank of India had stated that after the choice to withdraw Rs 2000 notes from circulation, until now a complete of 97.62 % of Rs 2000 notes have been returned to the Reserve Bank of India. In an sudden announcement on May 19, 2023, RBI had introduced to withdraw Rs 2000 notes from the nation.

While withdrawing Rs 2000 notes from circulation, RBI had stated that on May 19, 2023, Rs 3.56 lakh crore value Rs 2000 notes had been in circulation within the nation. By February 29, 2024, this determine has come right down to Rs 8470 crore, that’s, out of the whole notes of Rs 2000, 97.62 % have returned to RBI. RBI has made it clear that Rs 2000 notes will remain authorized tender. RBI has solely taken these notes out of circulation.

RBI had given the facility to exchange Rs 2000 notes in banks until 30 September 2023, though even after this many individuals had been left unable to return Rs 2000 notes. In view of this, RBI had prolonged the deadline for returning them until October 7 and after this, from October 09, 2023, Rs 2000 financial institution notes could be deposited or exchanged within the concern workplaces of RBI. Apart from this, individuals can credit score the quantity of their financial institution accounts by sending Rs 2000 notes from any put up workplace within the nation to any concern workplaces of RBI via India Post.

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