Can Rs 2,000 notes still be exchanged or credited to bank accounts? Check RBI’s latest update here

The Reserve Bank of India (RBI) acknowledged that individuals can ship their Rs 2,000 banknotes to its specified regional workplace by the insured publish for credit score of their bank accounts. This is a hassle-free choice for the people who find themselves away from the regional workplaces of the Reserve Bank. Additionally, the RBI is offering Triple Lock Receptacle(TLR) varieties to people for a deposit of Rs 2,000 forex notes of their bank account. 

Hassle-free choice to individuals

“We encourage customers to send Rs 2,000 notes through the insured post to the RBI for direct credit in their account in the most seamless and secure manner. This will save them from the hassle of travelling to specified branches and standing in the queue,” RBI Regional Director Rohit P Das stated. He remarked that there ought to be no concern within the public’s thoughts concerning the TLR and insured publish choices as a result of they’re each very protected. Das additionally talked about that the Delhi workplace alone has obtained roughly 700 TLR varieties to date.

RBI offers two choices 

In its communications, the RBI has been reiterating these two choices, other than the trade facility at its workplaces. Reserve Bank of India Governor Shaktikanta Das supplied specifics of the trade administration procedures, stating that the regional workplace in Delhi has made a particular line for senior residents and “divyangjan”. For faster disposal, he talked about that there’s a separate queue for individuals coming with fewer notes, reminiscent of 2 or 3. 

Rs 2,000 notes discontinued 

Public and entities holding Rs 2,000 forex notes had been initially requested to both trade or deposit them in bank accounts by September 30. Later, the deadline was prolonged to October 7. Both — deposit and trade — companies at bank branches had been discontinued on October 7.

Since October 8, people have been supplied with the selection of both exchanging the forex or having the equal sum credited to their bank accounts at 19 workplaces of the RBI.

The 19 RBI workplaces depositing/exchanging the bank notes are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram. It ought to be talked about here that the Rs 2,000 banknotes had been launched in November 2016, following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 forex notes. 

(With inputs from PTI)

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