If you have RS 2000 notes, you should be alert in May 2023

If you have RS 2000 notes, you should be alert in May 2023.

If you have RS 2000 notes, you should be alert in May 2023.

Recently, the RBI decided to withdraw 2,000 notes from circulation. When people hear this news, they start worrying about what I do with 2,000 notes but don’t worry if you have 2,000 notes.

you should be alert in May 2023 but you can exchange them at any bank, and if you want to deposit them, you can deposit them in your own accounts from May 23, 2023, to September 30, 2023, according to the Government.

You can go to your bank and deposit 2000 notes in your own bank account. No deposit limit, however, general KYC and other current legislative requirements for cash deposits will still be followed.

According to the RBI:

The regular limits will apply when depositing Rs. 2000 notes in a Jan Dhan account or Basic Savings Bank Deposit (BSBD) Account.

FAQs:
Is there any charge for depositing Rs. 2000 notes?

Service fees will apply if you intend to deposit all of your rupee notes in the denomination of 2,000 into your bank account.

Is there any charge for exchanging Rs. 2000 notes?

The exchange facility would be offered without charge, according to RBI.

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