Rs 2000 Note Deposit, Exchange Latest News Updates (May 23, 2023): The deposit and exchange of Rs 2000 notes in banks and some RBI branches starts from today. If you are having Rs 2000 notes, you can go to a bank and deposit them in your account from today. You can also exchange Rs 2000 notes up to a limit of Rs 20,000 at a time, according to RBI.
The last date for the return of Rs 2000 notes to banks is September 30. However, there is no need to panic as these banknotes will continue to remain legal tender. Moreover, the RBI has given a 4 months time for the return of Rs 2000 notes to banks.
The Financial Express today reported official sources as saying that the legal tender status of Rs 2000 notes may remain till 95% of such notes are back with the RBI.
Follow this blog for the latest news and updates on Rs 2000 notes exchange and deposit from today.
Rs 2000 Notes Deposit, Exchange in Banks: Latest News Updates
Delhi High Court has reserved the order on a PIL challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, which permitted the exchange of Rs 2000 Currency Notes without obtaining any requisition slip and identity proof, reports ANI.
“No Aaadhar Card, No official verified documents (OVD) required, no need to fill any form is the current instruction to all the branches of Punjab National Bank (PNB),” PNB officials told news agency ANI after old forms circulated online seeking additional personal information for exchanging Rs2000 currency notes.
The Reserve Bank of India (RBI)’s move to withdraw Rs 2,000 note from circulation is expected to boost the macro economy even as the impact is likely to be short-lived. This is because unlike in 2016, Rs 2,000 note is not being demonetised, according to experts. Read Full Story
The legal tender status of the Rs 2000 banknotes being withdrawn from circulation will likely continue beyond the September 30 deadline for deposit or exchange till 95% of such notes are back with the central bank, an official source told The Financial Express. Read Full Report
For deposits of Rs 50,000 or more in Rs 2000 currency notes, you will have to furnish PAN Card before the bank, according to RBI Governor Shaktikanta Das. Read details
HDFC Bank customers can deposit any number of Rs 2000 banknotes into their accounts from today (May 23, 2023) till September 30, 2023, Customers can also exchange Rs 2000 with a daily limit of Rs 20000 from today, the bank has said. Read details here
For the exchange of Rs 2000 notes in State Bank of India, members of the public will not be required to fill out a requisition slip, SBI has said. Also, no identity card will be required. Read full details here