RBI Suspends Rs 2000 Note Exchange Services on April 1; to Resume on April 2″

ByTV10 Punjab

Mar 31, 2024
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WebDesk National
30 March
Sandeep Dhand Ludhiana

The Reserve Bank of India (RBI) has announced the temporary suspension of the exchange or deposit services for Rs 2000 notes at its regional offices on April 1. The central bank attributed this decision to the annual closing of accounts, necessitating the halt in operations. However, services will resume as usual on April 2.

WhatsApp Image 2024 03 31 at 12.30.48 AM

According to sources, approximately 2.4 percent of the Rs 2000 banknotes, which were withdrawn some time ago, are still in circulation and haven’t been returned to the RBI. The deadline for exchanging or depositing Rs 2000 notes in banks was last year on October 7.

This temporary closure of exchange and deposit services serves as a reminder for individuals holding Rs 2000 notes to utilize the opportunity to exchange or deposit them at RBI regional offices before the deadline