10 Big Updates | Rs 2000 Note Circulation Ban By RBI: Check Last Date To Exchange

Rs 2000 Note Circulation Banned By RBI 10 Big UPDATES: In a big decision, Reserve Bank Of India today stopped the circulation of Rs 2,000 currency notes. The big decision on the Rs 2,000 currency note doesn't mean that it will stop the notes validation. The notes can be used in the formal manner, howerver, the currency holder will need to exchange them on or before 30th September, 2023.

10 Big UPDATES |  Rs 2000 Notes Circulation Ban

1. RBI Bans Rs 2000 Notes: The RBI, in a surprise decision, has banned Rs 2,000 notes.

2. Are Rs 2000 Demonetised: No, the Rs 2,000 notes are not demonetised. That means - they can still be used for transanctions of all types till the 30th September, 2023.

3. Last date to exchange: The last date to exchange Rs 2,000 notes is September 30th.

4. Where to exchange Rs 2,000 notes: At all banks and RBI regional centres.

5. Exchange Limit: A total of Rs 2,000 will be available to exchange in one go from one bank

6. When will the Exchange of Notes start: Exchange of Rs 2000 note will start on May 23.

7. How To Change Rs 2,000 Notes -  People who have Rs 2000 banknotes in their possession have to go to nearest banks and simplyn deposit them into their bank accounts. This is the easiest way to exchange the notes. You can also deposit them into banknotes of other denominations at any bank branch up to September 30, 2023. The window to exchange Rs 2000 banknotes would start from 23rd May and the last date to do so is 30th September.

8. Having account NOT-Necessary: Notes can be exchanged at any bank - If you have Rs 2000 note, it not necessary for you to be a customer of the bank to exchange currency. I.e. having an account for the exchange Rs 2,000 banknotes is not important.