In a giant choice, Reserve Financial institution Of India in the present day (19-Could-2023) introduced to withdraw the Rs 2,000 denomination banknotes. This newest choice on the Rs 2,000 forex notice doesn’t imply that it’s going to cease the notes validation.
As per the RBI’s assertion, the Rs 2,000 notes will proceed to be authorized tender and also you (the forex holder) must trade them on or earlier than thirtieth September, 2023. Banks will cease issuing the Rs 2000 notes with fast impact and they’ll present deposit and/or trade facility.
The ₹2000 denomination banknote was launched approach again in November 2016 below Part 24(1) of RBI Act, 1934, primarily to satisfy the forex requirement of the financial system in an expeditious method after the withdrawal of all ₹500 and ₹1000 banknotes in circulation at the moment (de-monetization). Nevertheless, the printing of ₹2000 banknotes was stopped in 2018-19.
Rs 2000 Financial institution Notes Circulation Ban By RBI
- The forex holders might deposit ₹2000 banknotes into their financial institution accounts and/or trade them into banknotes of different denominations.
- The place to trade Rs 2000 financial institution notes? – They are often exchanged in any respect banks and RBI regional centres.
- What’s the Alternate restrict? – With a view to common operational actions of financial institution branches, trade of Rs 2000 banknotes into banknotes of different denominations may be made upto a restrict of Rs 20,000/- at a time at any financial institution in india.
- What’s the final date to trade Rs 2000 financial institution notes? – As of now, the final date to trade the Rs 2000 financial institution notes is thirtieth September, 2023.
- Are Rs 2000 Demonetised? – No, the Rs 2,000 notes aren’t demonetized. Which means, they will nonetheless be used for transactions of all sorts until the thirtieth September, 2023. They proceed to be authorized tender. (Demonetization means, the withdrawal of a coin, notice, or valuable metallic from use as authorized tender.)
As of now, there is no such thing as a readability if banks are going to ask for the Aadhaar and/or PAN to trade the Rs 2000 forex notes.
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