Rs 2000 notes exchange, deposit Highlights: Aaadhar card, official verified documents not required

Written By: ZeeBiz WebTeam Updated on: May 23, 2023, 05.39 PM IST

Rs 2000 notes exchange, deposit Updates May 23, 2023: People can deposit these notes in bank accounts or exchange them. The deadline to do so is September 30. The Central Bank has already stated that all bank notes in Rs 2,000 denomination will continue to be a legal tender.

Rs 2000 notes exchange, deposit Updates May 23, 2023: The deposit and exchange of Rs 2000 notes in banks and some RBI branches have started today i.e. May 23.  The Reserve Bank of India (RBI) announced on May 19 that it will withdraw Rs 2,000 currency notes from circulation. People can deposit these notes in bank accounts or exchange them. The deadline to do so is September 30. The Central Bank has already stated that all bank notes in Rs 2,000 denomination will continue to be a legal tender.

Follow Zee Business for all the latest updates on the exchange and deposit of Rs 2,000 notes:

 

Latest Updates

  • Rs 2000 notes exchange, deposit LIVE Updates: Can it be done at Post Offices?

     

    Exchange of Rs 2000 notes can't be done at Post Offices

  • Rs 2000 notes exchange, deposit LIVE Updates: Do you need Aadhaar card

     

    No Aaadhar Card, No official verified documents (OVD) required, no need to fill any form is the current instruction to all the branches of Punjab National Bank (PNB): Clarify PNB officials to ANI after old forms circulated online seeking additional personal information for exchanging #Rs2000CurrencyNote

  • Rs 2000 notes exchange, deposit LIVE Updates: Where can you deposit Rs 2000 notes?

     

    Reserve Bank of India has specified that individuals can deposit and/or exchange these Rs 2000 banknotes in any commercial bank branch. The exchange facility will also be available at the 19 Regional Offices (ROs) of RBI having Issue Departments.

  • Rs 2000 notes exchange, deposit LIVE Updates: Is a requisition slip required to exchange or deposit Rs 2000 notes in bank account? 

     

    In order to exchange Rs 2000 notes, RBI had earlier said that the persons who come to exchange or deposit Rs 2000 currency notes will have to file a requisition slip.

  • Rs 2000 notes exchange, deposit LIVE Updates: Can you exchange notes without having a bank account?

     

    RBI has clarified that those who don't have a bank account too can exchange Rs 2,000 notes.

  • Rs 2000 notes exchange, deposit LIVE Updates: How many notes can be deposited into the account? 

     

    There's no limit to how many Rs 2000 currency notes that can be deposited. The exchange can also be done without restrictions "subject to extant instructions and applicable statutory provisions".

  • Rs 2000 notes exchange, deposit LIVE Updates: How much can be exchanged at one time?

    In order to ensure smooth operation at bank branches, the RBI has stated that the exchange of Rs 2,000 bank notes into bank notes of other denominations can be made up to a limit of Rs 20,000 at a time.

  • Rs 2000 notes exchange, deposit LIVE Updates: Rs 2,000 notes will remain legal tender 
     

    Allaying all fears of another demonitisation-like chaos, the RBI had stated that all bank notes in Rs 2,000 denomination will continue to be a legal tender and be used for transactions.

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