Simple Steps For Exchanging Your ₹2000 Currency Notes | 2000 Notes Ban News | English News | News18
The Reserve Bank of India (RBI) announced last week that Rs 2,000 notes will be withdrawn from circulation. The central bank clarified that while the notes will continue to remain legal tender, they must be exchanged through banks by September 30. There are no restrictions on the amount you can deposit, provided you comply with the existing Know Your Customer (KYC) norms and other requirements.
For exchanging Rs 2,000 banknotes, all banks will facilitate the exchange up to a limit of Rs 20,000 at a time, as stated in the circular. This limit has been set to minimize inconvenience to the public, ensure smooth operations, and avoid disruption to the regular functioning of bank branches.
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