Tambaram: The RBI had announced the withdrawal of Rs 2,000 banknotes from circulation on May 19, 2023 and requested the members of the public holding the high-value banknote to utilise the remaining period until September 30, 2023, to deposit and/or exchange them.
Here’s What Do To
Individuals who still have the notes can do any of the following two things:
Deposit the notes: Individuals can head to their nearest bank branch to deposit their Rs 2000 notes into their bank account.
Exchange for other denominations: Alternatively, they can exchange these notes for different currency denominations at any bank branch in the country.
Exchanging Rs 2000 Notes
To exchange Rs 2000 currency notes, one must follow these steps:
Visit a nearby bank branch: Locate the nearest bank branch.
Submit the notes: Present the Rs 2000 notes, it is important to note that the usual KYC (Know Your Customer) requirements and other legal deposit norms will still be applicable.
Receive exchanged notes: Once the process is completed, the individual will receive the exchanged notes