Banks will open exchange windows for Rs 2000 banknotes on Tuesday, May 23, 4 days after the Reserve Bank of India revealed the withdrawal of the denomination from flow.
The center to exchange Rs 2,000 currency notes for smaller sized denominations will stay in result till Sept. 30.
The Rs 2,000 notes– presently the greatest denomination in flow– will stay legal tender even after the 134-day window ends, the RBI has actually guaranteed. Apart from bank branches, individuals can get the exchange center at 19 local workplaces of the RBI, which have concern departments and company reporters.
Notes worth Rs 20,000 can be exchanged through bank branches in one go, whereas there is a day-to-day limitation of Rs 4,000 per account holder for exchange through company reporters.
Presented after the 2016 demonetisation of Rs 500 and Rs 1,000, printing of the Rs 2,000 notes was dropped in 2018– 19 as part of the reserve bank’s strategy to phase it out.