According to the new notification of the Reserve Bank of India (RBI), exchange of Rs 2000 notes will now be limited to bank branches only, post offices have been excluded from providing this service.
Exchange 2000 rupee notes only in banks
Recently, the Reserve Bank of India (RBI) announced that it will gradually phase out Rs 2,000 notes, although these notes will still remain legal tender. Following this decision, the central bank has directed banks to stop issuing Rs 2,000 notes with immediate effect.
impact on citizens
The introduction of Rs 2000 notes was primarily aimed at expediting the recovery of monetary value after the demonetisation of Rs 1000 and Rs 500 notes. However, as RBI moves to phase out Rs 2000 notes, it wants to assure citizens that these bank notes will be available in their bank accounts or in any bank branch till September 30, 2023. Deposit option. And can convert them to other denominations.
Rates have changed in these cities
Exchange of Rs 2000 notes is now restricted to bank branches except post office banks.
RBI is gradually discontinuing Rs 2000 notes, but these notes remain legal tender.
Banks have been instructed to stop issuing Rs 2000 notes.
Till September 30, 2023, citizens can deposit Rs 2000 notes in their bank accounts or exchange them for other denominations at any bank branch.