Vikrant Shekhawat : May 23, 2023, 07:54 AM
Reserve Bank of India: The Reserve Bank of India announced on Friday, May 19, 2023, that it is withdrawing Rs 2,000 notes from circulation. The central bank has asked everyone to deposit or exchange Rs 2,000 notes in their accounts in any bank branch by September 30, 2023. Deposits can be made in the normal way without any restrictions in bank accounts. RBI said that the facility of changing Rs 2,000 notes will start from May 23, 2023 i.e. from today.By the way, RBI has clearly said that Rs 2000 notes will remain legal tender. In such a situation, many types of questions are arising in the minds of common people. After all, what should be done with the old 2000 rupee notes now? Will there be any charge to exchange the existing Rs 2,000 note? RBI has given answers to all your questions, let us also tell you what kind of answers they have given on the questions emerging in the minds of common people.1. Why is the decision to withdraw Rs 2000 notes being taken?According to RBI, Rs 2000 notes were introduced when the old Rs 1000 and Rs 500 notes were abolished as legal tender in November 2016. To meet the requirement of currency in the economy, 2000 rupee notes were introduced. On May 22, the RBI governor himself said that now the purpose of Rs 2000 notes has been fulfilled. Along with the currency of other notes is sufficient. Also, 2000 rupee notes are very less in circulation and RBI has stopped printing 2000 rupee notes from the year 2019. Those who are in circulation, their life is also about to end. In such a situation, such notes are being withdrawn.2. At present, a lot has been mentioned about the clean note policy from RBI, what is it after all?RBI's clean note policy means to make better quality currency available to the common people. The RBI governor made it clear that it is our aim to give better currency to the people of the country and the aim of withdrawing Rs 2,000 notes also stems from the clean note policy.3. Will 2000 notes continue to be legal tender?RBI has been continuously saying that it is definitely taking back the 2000 rupee notes, but even after that they will remain legal tender, until another order comes in this regard.4. Can normal transaction of Rs 2000 notes be done?RBI has made it clear that any person who has Rs 2000 notes can do normal transactions, but those Rs 2000 notes will have to be deposited in banks before 30 September.5. If someone has 2000 rupee note, what should he do?All those people who have 2000 rupee note can deposit it in their account by going to the bank branch or can get it changed to other notes. The facility to exchange bank notes will be available in all banks till 30 September. Apart from banks, people can get the exchange done by visiting 19 regional offices of RBI.6. Is there any limit on the amount of Rs 2000 notes that can be deposited or exchanged?According to RBI, one can go to his nearest bank branch and exchange ten 2000 rupee notes ie up to 20 thousand rupees and deposit in his bank account.7. Can 2000 notes be exchanged through Business Correspondent?Account holders can exchange 2000 bank notes daily through Business Correspondent up to a limit of Rs.4000.8. From which date the exchange facility will be available?From May 23, 2023, take 10 notes of Rs 2000 from any bank branch and get them exchanged. No one will face any problem.9. Is it necessary to be a bank customer to exchange Rs 2000 notes at a bank branch?RBI says that non-account holder can exchange notes by going to any branch, the account requirement is there when you are thinking of depositing these notes in the bank.10. If you need 2000 rupee note for business or any other work then what will you do?Deposits in the bank account can be made without any restrictions. After that you can remove other notes.11. Is there any charge required to be paid by the bank for exchange service?RBI has made it clear that no exchange charges will be taken for Rs 2000 notes.12. Will there be special arrangements for senior citizens and differently abled?The RBI governor himself said that there should be a special arrangement for senior citizens who come to exchange or deposit 2000 rupee notes and there should be no problem.13. If someone is not able to exchange Rs 2000 notes immediately, will there be any loss?To make the entire process smooth and convenient for the public, a full four months have been given to deposit or exchange Rs 2000 notes. Meanwhile, the notes can be deposited or exchanged on any day.14. What if a bank refuses to deposit or exchange Rs 2000 notes?If a bank refuses to change or exchange the 2000 rupee note, then there is also a provision for its complaint. For this you can meet the concerned bank. If the bank does not respond within a period of 30 days of lodging the complaint or if the complainant is not satisfied with the reply given by the bank, the complainant can lodge a complaint under the Reserve Bank – Integrated Ombudsman Scheme.15. Will I have to fill any form or show any document while depositing or exchanging Rs 2000 note?RBI and SBI have made it clear that there is no need to fill any form nor show any documents before exchanging or depositing Rs 2000 notes.