The Reserve Bank of India (RBI) is now allowing people to deposit notes of 2,000 rupees in these methods in addition to depositing them at a bank, so anybody with such a note who wants to swap it has a great chance. Please read on for the whole story.
New Delhi. There is no longer any need to physically visit an RBI branch in order to deposit a Rs 2,000 note. Anyone may deposit a Rs 2,000 note sent to the RBI issuing office from any post office in the nation. In addition, RBI has introduced a new facility, the Triple Lock Receptacle (TLR), for exchanging the Rs 2000 note.
The 19th of May marks the end of note circulation
As a result of the challenges encountered while exchanging currency, the Central Bank has made this decision. On May 19 of this year, the Reserve Bank of India (RBI) stated that the Rs 2,000 notes would be removed from circulation.
The time limit was pushed back
Depositing these notes at banks allowed customers to convert them to other banknote denominations. Those in possession of such notes were originally given until September 30 to either trade them in or deposit them with financial institutions. This date was ultimately pushed out to October 7th.
On October 7th, bank branches stopped accepting deposits and offering currency exchange services. People have had access to 19 RBI offices for currency exchange and bank account deposits since October 8th.