September 30 last date to exchange ₹2000 at banks; check list of bank holidays next month
₹2000 banknotes after the Reserve Bank of India (RBI) removed them from circulation on 19 May 2023. The Reserve Bank had given nearly four months to deposit or exchange notes worth ₹2000. Banknotes in the denomination of ₹2000 must be exchanged or deposited by September 30, 2023.
According to the RBI press release issued on May 19, 2023, "The facility for deposit and/or exchange of ₹2000 banknotes shall be available for members of the public up to September 30, 2023.The facility for exchange of ₹2000 banknotes shall be provided to all members of the public by all banks through their branches." People having bank account can visit their bank branch and provide their account details to streamline and exchange ₹2000 notes. The RBI guidelines state that there is no requirement for a requisition slip or ID proof for exchanging ₹2000 notes. The RBI has also stated that even a non-account holder can exchange ₹2000 banknotes at any bank branch without any ID proof.
However, there is a limit on the exchange of ₹2000 banknotes. A person can exchange Rs.2000 banknotes up to a limit of Rs.20,000 at a time. The exchange facility of Rs.2000 notes is free of cost.
The facility for exchanging Rs.2000 notes is available at 19 Regional Offices (ROs) of RBI having issue departments till 30 September 2023. People can also exchange Rs.2000 banknotes at any nearest bank branch from 23 May 2023. People can deposit ₹2000 banknotes at the bank where they have an account.
The RBI has clearly stated that there is no deposit limit for ₹2000 notes. But, the general KYC and other cash deposit statutory norms will apply. When a person deposits ₹2000 notes in a Basic Savings Bank Deposit (BSBD) or Jan Dhan account, the usual limits will apply.
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