Producer:  Priyanka Das Editor: Mohit Bisht

How To Exchange Or Deposit Rs 2,000 Notes In Bank?

The Reserve Bank of India announced the withdrawal of Rs 2,000 currency notes from circulation in May 2023.

But it gave the public time till September 30, 2023, to either deposit such notes in accounts or exchange them at banks.

Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be legal tender till September 30.

People who have Rs 2000 notes can exchange them in any bank or deposit them in their own accounts.

With only five days left, here is how you can exchange/deposit the Rs 2,000 notes.

Customers can visit the nearest branch of a bank and provide account details. As per RBI’s guidelines, even customers without bank accounts can exchange/deposit Rs 2,000 banknotes with other denominations.

Banks will then provide the request slip, which must be filled by the customer. This will require basic details such as the ‘Tenderer’ name and information on the denomination.

Customers can sign and submit the form along with their Rs 2000 notes to get them exchanged from the nearest bank.

Individuals have the option to exchange Rs 2,000 banknotes for other denominations up to a limit of Rs 20,000 at a time at any bank.

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