DelhiDesk: The Reserve Bank of India (RBI) has announced the process of replacing the Rs 1,000 note with Rs 2,000 notes, which has now started in banks. There is no rush to exchange notes as the RBI has given time until September 30 to change the notes. Unlike the last demonetisation in 2016, this time the Rs 2,000 notes remain legally valid. The RBI has advised banks to arrange shades to protect people from the sun, to provide drinking water, and to keep track of the details of 2000 notes deposited and exchanged daily. Only 10 notes of 2000 can be exchanged in a day between May 23 and September 30, and no ID card or form filling is required.
Follow DelhiBreakings on Google News
Here is the news bullets sorted by DelhiBreakings.com team.
👉 The process of replacing Rs 1000 notes has started in banks after demonetisation announcement in 2000.
👉 People are slowly reaching banks to exchange 2000 notes, but there was no rush in the morning.
👉 Private sector banks in metros traded normally.
👉 RBI has given time from 23 May to 30 September to change 2000 notes.
👉 According to a senior official of a public sector bank, there is not much rush as of now because of the four months’ time to exchange notes.
👉 Unlike the last demonetisation, this time, Rs 2,000 notes remain legally valid.
👉 RBI has advised banks to arrange shades and drinking water for people in the queue and make note exchange facility available over the counter.
👉 Banks have been asked to keep the details of 2000 notes deposited and exchanged daily.
👉 During the 2016 demonetisation, there were long queues in banks to exchange notes, but there is no panic among people this time.
👉 Only 10 notes of 2000 can be changed in a day, and no ID card or form filling is required to exchange notes.
For superfast news and Delhi Breaking Stories visti us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.