DelhiDesk: The Reserve Bank of India has announced the withdrawal of the Rs 2000 note from circulation, prompting questions from the public about where and when the notes can be exchanged. The notes can be exchanged and deposited at banks from May 23 until September 30, with a maximum exchange limit of Rs 20,000 at a time and only ten notes can be exchanged at once. Non-bank account holders can still exchange notes by meeting KYC norms or through bank representatives. The decision to withdraw the note was made due to concerns over the accumulation of black money.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 RBI has announced withdrawal of Rs 2000 note from circulation
👉 Notes can be exchanged and deposited from May 23 to September 30
👉 Maximum of Rs 20,000 can be exchanged at a time and only 10 notes can be changed
👉 People can exchange notes at banks and 19 regional offices of RBI
👉 Two thousand notes can be deposited in bank accounts subject to KYC norms
👉 Bank account holders can exchange up to Rs 4,000 through bank representatives
👉 Rs 2000 note allegedly used to accumulate black money and convert to white
👉 RBI had stopped printing Rs 2000 notes from financial year 2018-19
👉 89% of Rs 2000 notes were issued before March 2017
👉 In March 2018, notes worth Rs 6.73 lakh crore were of Rs 2,000, while on March 31, 2023, their value remained Rs 3.62 lakh crore.
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