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Is there an operational limit on the amount of ₹2000 banknotes that can be exchanged?

2000 note operational limit

RBI announced withdrawal Rs.2000 Banknote from circulation, the Reserve Bank of India in its recent FAQ clarified on operational limit on exchange ₹2000 banknotes as under;

Members of the public can exchange ₹2000 banknotes upto to a limit of ₹20,000/- at a time.

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