On May 19, RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation. People were given the facility to deposit these notes in banks and exchange them with notes of other denominations.
People can now send their Rs 2,000 notes to the designated regional offices of the Reserve Bank through insured post to deposit them in their bank accounts. This is an easy option for those who live away from the regional offices of the Reserve Bank. Rohit P., Regional Director, Reserve Bank of India (RBI), said, “We encourage customers to send Rs 2,000 notes to RBI through insured post for direct credit into their accounts in the most convenient and secure manner.” Are. This will save them the hassles of traveling to designated branches and standing in queues.”
He said that both TLR and insured post options are highly safe and there should be no fear in the minds of the public regarding these options. Delhi office alone has received around 700 TLR forms so far. He said that RBI is again including these two options in its communication in addition to the exchange facility at its offices. On May 19, RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation. People were given the facility to deposit these notes in banks and exchange them with notes of other denominations.
According to RBI, in this way, till May 19, 2023, more than 97 percent of the total notes worth Rs 2,000 in circulation have now been returned. The deadline for exchanging these notes or depositing them in bank accounts was earlier September 30. Later this deadline was extended till October 7. Both deposit and exchange services in bank branches were stopped on October 7.
