RBI announced withdrawal Rs.2000 Banknote from circulation, the Reserve Bank of India in its recent FAQ clarified on availability of exchange facility for Rs.2000 banknote as under;
To give time to the banks to make preparatory arrangements, members of the public are requested to approach the bank branches or ROs of RBI from May 23, 2023 for availing exchange facility.
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.
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.
RBI announced withdrawal Rs.2000 Banknote from circulation, the Reserve Bank of India in its recent FAQ clarified on threshold limit on deposit of ₹2000 banknotes into a bank account as under;
Deposit into bank accounts can be made without restrictions subject to compliance with extant Know Your Customer (KYC) norms and other applicable statutory / regulatory requirements.
Members of the public may approach bank branches for deposit and/or exchange of ₹2000 banknotes held by them.
The facility for deposit into accounts and exchange for ₹2000 banknotes will be available at all banks until September 30, 2023. The facility for exchange will be available also at the 19 Regional Offices (ROs) of RBI having Issue Departments1 until September 30, 2023.
