Indian Currency: Rs 2000 notes can no longer be exchanged in the bank. However, if people still have Rs 2000 notes then they can go to the RBI office and get the Rs 2000 notes exchanged. Now people are also seeing queues outside the RBI office.
RBI New Update: It was decided by the Reserve Bank of India to withdraw Rs 2000 notes this year. After which RBI had also set a deadline for exchanging Rs 2000 notes. Earlier, people could exchange Rs 2000 notes in banks, but now people can exchange Rs 2000 notes only in RBI offices. However, now people are seeing queues outside the RBI office.
2000 rupee notes
After commercial banks stopped accepting Rs 2,000 notes, people have now started standing in queues at 19 offices of the Reserve Bank of India (RBI) to exchange Rs 2,000 notes. RBI had announced withdrawal of Rs 2,000 notes on May 19 this year. This note was introduced after demonetization in 2016. At that time, Prime Minister Narendra Modi had announced the withdrawal of Rs 500 and Rs 1000 notes from circulation.
Notes will not be able to be changed in the bank
In its latest announcement, RBI had asked the public and institutions to deposit or exchange the Rs 2,000 notes in bank branches by September 30. Later this date was extended to October 7. After this, the facilities for depositing or exchanging these notes were stopped in bank branches. Now people can exchange Rs 2000 notes only in RBI offices.
Crores of notes are still in circulation
Last Friday, RBI Governor Shaktikanta Das had said that a total of Rs 3.43 lakh crore of Rs 2,000 notes have been returned and about Rs 12,000 crore of such notes are still in circulation. People were seen standing in queues at various RBI offices including Delhi to exchange Rs 2,000 notes. Individuals or institutions can exchange Rs 2,000 notes up to a limit of Rs 20,000 at a time at 19 RBI offices.
