In a surprise announcement, the Reserve Bank of India (RBI) recently announced that all Rs. 2000 notes in the country will be withdrawn, establishing a deadline by which individuals can deposit or exchange Rs. 2000 notes at their banks.
Until September 30, 2023, all Indian banks are required to provide a deposit or exchange facility for Rs 2000 notes. After the cutoff time, it should be noticed that the notes won’t be viewed as unlawful however will in any case be viewed as legitimate delicate in India.
There would one say one is exceptionally significant inquiry in the personalities of all Indians – is there a breaking point to what number of Rs 2000 notes can be traded or saved in a day? The State Bank of India has published a list of important guidelines to answer all of your questions.
The SBI said in its notification that at one at once, of Rs 2000 (Rs 20,000 aggregate sum) can be saved or traded from the bank. Further, the SBI has likewise expressed that there will be no ID verification required and no structures to be occupied during the hour of the trade.
“The facility of Rs exchange of Rs 2000 notes to all members of the public up to a limit of Rs 20,000 at a time will be allowed without obtaining any requisition slip,” the government bank stated in its official notice. Further, no character evidence is expected to be presented by the giver at the hour of the trade.”
The people who don’t have a financial balance can likewise go to any bank of their decision and trade Rs 2000 notes up to the furthest reaches of Rs 20,000 all at once. The maximum number of Rs 2000 notes that can be deposited into a bank account is unlimited, despite the fact that the exchange limit is limited to 10 notes at a time.
