Sudhir Kumar / AMN
The Banks across India today started accepting 2,000 rupee notes for exchange. In a circular issued yesterday, the Reserve Bank of India has directed banks to maintain data on a daily basis on the amount of 2000 rupees notes exchanged and the amount that has been deposited into accounts. The RBI said that the facility of exchange of 2000 rupees banknotes across the counter shall be provided to the public, in the usual manner.
Earlier, RBI had announced to withdraw the 2,000 rupee note from circulation on 19th May. 2,000 rupee notes were issued in 2016 after the Central government announced the demonetisation of old 500 rupee and 1,000 rupee currency notes.
People are seen queued up at banks in different cities to exchange Rs 2,000 currency notes as RBI announced its withdrawal.
“No document is required. Just give the note and they (the bank) will exchange it.” As per the RBI guidelines issued on Friday, the exchange of Rs 2,000 facility began on Tuesday.
As per the guidelines, Rs 2,000 notes can be exchanged up to a limit of Rs 20,000 at a time without filling out any form or requisition slip.