New Delhi: The Reserve Bank of India (RBI) will not be exchanging or depositing Rs 2000 notes on April 1 at its 19 places of work due to operations related to the annual closing of accounts. The service will resume on April 2, in accordance to an announcement by the central financial institution.
Here’s why service will not be available on April 1
“The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 01, 2024, at the 19 Issue Offices of the Reserve Bank of India due to operations associated with the Annual Closing of Accounts. The facility will resume on Tuesday, April 02, 2024,” RBI mentioned.
It’s necessary to observe that people have had the chance to change Rs 2,000 notes on the 19 RBI places of work located throughout totally different cities. However, due to the annual closing of accounts, this service will quickly stop on April 1st and resume the next day.
These 19 RBI concern places of work are:
- Ahmedabad
- Bangalore
- Belapur
- Bhopal
- Bhubaneswar
- Chandigarh
- Chennai
- Guwahati
- Hyderabad
- Jaipur
- Jammu
- Kanpur
- Kolkata
- Lucknow
- Mumbai
- Nagpur
- New Delhi
- Patna
- Thiruvananthapuram
What was RBI’s pointers for Rs 2000 notes?
People from inside the nation can ship Rs 2000 banknotes by means of India Post from any put up workplace within the nation to any of the RBI Issue Offices for credit score to their financial institution accounts in India. September 30 was initially determined because the final date to full the change and deposit train in a time-bound method and to present sufficient time to the general public. People had been requested to utilise the month of September to deposit or change their Rs 2000 banknotes to keep away from any rush on the final second.
However, the RBI, based mostly on a evaluation, determined to prolong the association for deposit and change till October 7, 2023. The Rs 2000 banknote was launched in November 2016, primarily to meet the foreign money necessities of the financial system expeditiously after the withdrawal of the authorized tender standing of all Rs 500 and Rs 1000 banknotes in circulation at the moment.
97.62 per cent of Rs 2000 notes returned
As of February 29, practically 97.62% of the Rs 2,000 notes have been returned to the banking system. Only roughly Rs 8,470 crore price of the withdrawn notes stay with the general public.
Also Read: New deadline for change of Rs 2000 notes introduced
