From right now (May 23) one can change and deposit Rs 2000 notes in the banks. Following directions from the Reserve Bank, the banks have accomplished all of the preparations. The RBI on Friday made a shock announcement of withdrawal of Rs 2,000 forex notes however gave the general public time until September 30 to both deposit the Rs 2,000 notes in accounts or change them at banks. The RBI mentioned it had requested banks to cease issuing Rs 2,000 notes with quick impact.
People, in contrast to in 2016 when demonetisation had taken place, have sighed a reduction that lengthy queues will not be anticipated to be seen exterior banks because the RBI has given individuals 4 months to change Rs 2000 notes.
Are Rs 2000 notes legitimate?
RBI has clearly mentioned in its order that Rs 2000 note is being taken out of circulation solely. The note is totally legitimate. You can use these notes for purchases, and transactions.
What is the rule to vary Rs 2000 note?
Those who’ve Rs 2000 note can go to the financial institution and get it modified. You can change as much as Rs 20,000 i.e. 10 notes of Rs 2000 in any financial institution from right now i.e. 23 May.
How a lot can be deposited in the checking account?
If you deposit Rs 2000 note in your checking account then there isn’t a restrict for it. You can deposit as a lot as you need in your checking account. Under the Banking Deposit Rules, you’ll have to present your PAN-Aadhaar card on deposits above Rs 50,000.
