Delhi: The process to deposit and exchange 2000 rupee notes has commenced in the country from today. The process will continue till September 30 ,2023. During the period any citizen of the country can deposit and exchange 2000 rupee note in any bank. No ID proof will be required for the process.
Reserve Bank of India (RBI) had surprised everyone last Friday late night by sudden announcement of the withdrawal of Rs 2,000 notes from circulation. For RBI decision, the opposition parties strongly criticized the Modi government at the Centre. Besides, people also started to remember the problems faced during demonetization. Amid increasing chaos, RBI Governor Shaktikanta Das himself came in front of the media and tried to give relief to the people by disclosing certain points.
RBI, on Friday, announced the withdrawal of Rs 2,000 notes from circulation. The said note can be deposited or exchanged from May 23, i.e. today till September, 30. The limit for exchanging Rs 2,000 notes for other denominations in any bank will be up to Rs 20,000 at a time.
RBI Governor Shaktikanta Das said, “ People should not worry. We are withdrawing the Rs 2000 notes from circulation but they continue as legal tender. People have enough time to deposit or exchange Rs 2,000 notes.”
Shaktikanta Das said that all denomination notes are sufficient to replace the notes. SBI has issued guidelines for all its branches. It has been said that no form or ID proof is required from the customer to exchange the Rs 2000 note. He added, ” From May 23, the limit for exchanging Rs 2,000 notes for other denominations in any bank will be up to Rs 20,000 at a time. At the same time we are constantly monitoring the problems coming in changing the notes.”
Earlier, RBI had announced to withdraw the 2,000 rupee note from circulation on 19th May. 2,000 rupee notes were issued in 2016 after the Central government announced the demonetization of old 500 rupee and 1,000 rupee currency notes.