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Rs 2,000 Note Exchange BIG UPDATE: Exchange, deposit of Rs 2,000 notes not allowed on April 1 – RBI shares details

March 29, 2024
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Rs 2,000 Note Exchange BIG UPDATE: Exchange, deposit of Rs 2,000 notes not allowed on April 1 – RBI shares details

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Rs 2,000 Notice Alternate, How To Alternate 2,000 Rupee Notice: The Reserve Financial institution of India (RBI) has said that the power to trade or deposit Rs 2,000 banknotes is not going to be out there on April 1 i.e. Monday. It’s pertinent to say that the Central Financial institution introduced the withdrawal of Rs 2,000 denomination financial institution notes from circulation on Could 19 final 12 months. Based on the RBI, round 97.62 per cent of the Rs 2,000 banknotes have already returned to the banking system on the shut of enterprise on February 29. Solely round Rs 8,470 crore value of the withdrawn notes are nonetheless with the general public.

Rs 2000 Notice Alternate, Deposit not allowed on April 1: This is why?

Based on the RBI, the power to trade or deposit Rs 2,000 notes is not going to be out there on April 1 as a result of operations related to the annual closing of accounts.

“The ability of trade/deposit of Rs 2,000 banknotes is not going to be out there on Monday, April 1, 2024 on the 19 problem workplaces of the Reserve Financial institution of India as a result of operations related to the annual closing of accounts,” it mentioned.

Rs 2,000 Notice Alternate, Deposit: When will it resume?

The ability of trade or deposit of Rs 2,000 banknotes will resume from April 2 i.e. Tuesday. 

Learn how to trade Rs 2,000 notice?

Those that need to deposit or trade Rs 2,000 banknotes can accomplish that on the 19 RBI workplaces throughout the nation. Folks also can ship Rs 2,000 financial institution notes by means of India Submit from any publish workplace to any of the RBI problem workplaces for credit score to their financial institution accounts in India.

2,000 Rupee Notice Alternate RBI Workplaces 

The 19 RBI workplaces depositing/exchanging the financial institution notes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.

Rs 2,000 notice trade date deadline

Initially, the RBI requested the general public and entities holding Rs 2,000 notes to both trade or deposit them in financial institution accounts by September 30, 2023. The deadline was later prolonged to October 7, 2023. Deposit and trade companies at financial institution branches have been discontinued on October 7.

Beginning October 8, 2023, people have been supplied with the selection of both exchanging the forex or having the equal sum credited to their financial institution accounts on the 19 workplaces of the RBI.

The Rs 2,000 banknotes have been launched in November 2016, following the demonetisation of the then Rs 1,000 and Rs 500 banknotes.

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