RBI sets limit for exchanging and depositing Rs 2,000 notes

DelhiDesk: The Reserve Bank of India (RBI) has set a limit of 2000 notes that can be exchanged from May 23 to September 30. The banks have been instructed to provide the facility to deposit and exchange these notes until the deadline. Only notes worth Rs 20,000 can be exchanged at a time, with a maximum of 10 notes per transaction. The RBI has not clarified the maximum denomination of Rs 2,000 notes that a person can deposit in banks.

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Here is the news bullets sorted by DelhiBreakings.com team.

👉2000 notes can be exchanged from May 23 to September 30, this is the limit
👉RBI has asked the banks to provide the facility of depositing and exchanging these notes till 30 September.
👉From May 23, Rs 2,000 notes can be exchanged and deposited in banks.
👉Only notes worth Rs 20,000 will be exchanged at a time.
👉RBI has not made it clear that the maximum denomination of Rs 2,000 notes that a person can deposit in banks.
👉But he has said that only 10 notes can be changed at a time.

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