MM TAX CLUB

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Can ₹2000 banknotes be exchanged through Business Correspondents (BCs)?

Cash exchange with business correspondent

Yes,

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

Exchange of ₹2000 banknotes can be made through BCs upto a limit of ₹4000/- per day for an account holder.

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