The government has taken a big decision regarding the Rs 2000 note. These notes will be taken out of circulation. This means a 2000 rupee note will be closed. Some people are confused after hearing this news. Mainly those people who are worried who have 2000 rupee notes.
There is no need to worry if you are also in them. The closure of notes does not mean that they have no value. The Reserve Bank of India (RBI) will give enough time for people to convert them. Here we know about every question arising in the mind related to it.
What decision has RBI taken?
RBI has decided not to print more than 2000 rupee bank notes. These notes were introduced in November 2016 after demonetisation. These will be swiftly withdrawn from the system. The central bank believes that the purpose of printing these notes has been fulfilled.
I Have a 2000 Rupee Note; what Should I Do?
If you have banknotes of 2000 rupees, then you do not need to panic at all. You can change them at your convenience. RBI has given enough time for this.
Will The 2000 Rupee Note Work Now Or Not?
2000 rupee note is legal. It will run in the system now. But hardly anyone would want to take it in a transaction now. The reason is that he, too, will have to get them replaced. People can avoid taking them to avoid the hassle.
Where Do I Get 2000 Rupee Notes Exchanged?
RBI has said that a 2000 rupees banknote can be changed in any bank. If your account is in the State of India (SBI) and you have a Punjab National Bank (PNB) near your house, you can go to PNB and get the 2000 rupee note changed. In other words, no need to go to any specific bank to exchange the notes. These can be changed by visiting any bank.
From When Can I Exchange My Rs 2000 Notes?
Banks will start exchanging 2000 rupee notes from May 23, 2023. To avoid any inconvenience, these notes can be exchanged anytime during the working hours of the bank.
How Many 2000 Rupee Notes Can I Exchange At A Time?
To ensure that the normal functioning of the bank is not disturbed, a limit of Rs 20,000 has been fixed in one go. From May 23, 2023, you can exchange Rs 2000 notes up to Rs 20,000 at a time.
When Can I Get My Rs 2000 Note Exchanged?
You will have enough time to exchange your Rs 2000 note. Therefore, there is no need to be in any haste. RBI has said that 2000 rupee notes can be exchanged until September 30, 2023. There will be time from May 23 to September to exchange these notes.
Is It Demonetisation?
No. This is not demonetisation at all. 2000 rupee notes will remain fully valid. They are not being closed. However, a refund is being done to remove it from the system. RBI feels that the purpose they were printing has now been fulfilled.
