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| Name | What Will RBI Do With Your Out-Of-Use Rs 2000 Currency Notes? |
| Video Uploader | Video From Indiatimes |
| Upload Date | This Video Uploaded At 02-01-2024 18:12:05 |
| Video Discription | The RBI said the facility for the exchange of the ₹2000 banknotes is still available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19, 2023. From October 09, 2023, RBI Issue Offices are also accepting ₹2,000 banknotes from individuals or entities for deposit into their bank accounts. #RBI #2000Note #Explained #News #India ------ If you still have some Rs 2000 notes with you, don’t worry. The Reserve Bank of India (RBI) has said Rs 2,000 banknotes continue to be legal tender. On May 19, 2023, the RBI had announced the withdrawal of Rs 2,000 denomination banknotes from circulation. Public can deposit and/or exchange the Rs 2,000 banknotes at the 19 RBI offices in the country. RBI said that 97.38% of the withdrawn notes have returned to the system. RBI said that as on December 29, 2023, Rs 2,000 notes worth Rs 9,330 crore are still in circulation as against Rs 3.56 lakh crore on May 19, 2023. Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The deadline was later extended to October 7. Deposit and exchange services at bank branches were discontinued on October 7. Starting October 8, individuals have been provided with the choice of either exchanging the currency or having the equivalent sum credited to their bank accounts at the 19 offices of the RBI. The 19 RBI offices depositing/exchanging the bank notes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram. The Rs 2,000 bank notes were introduced in November 2016 following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 bank notes. ------- Bringing you stories that matter to our generation. Indiatimes is your go-to place for smart, intelligent and quirky content from around the world. We feature stories that will inform and entertain you across a number of subject domains. We aim to bring “you should know”worthy stories from the world of politics, sports, music, health, Bollywood, business, entertainment, automobiles and technology straight to you. A Times Internet Product Like us on Facebook: https://www.facebook.com/indiatimes Follow us on Instagram: https://www.instagram.com/indiatimes/ Tweet to us: https://twitter.com/indiatimes [WcctDwkn9co] |
| Category | Education |
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