₹2000 notes withdrawn: RBI issues guidelines to banks for note exchange service

Updated : May 22, 2023 12:01
|
Editorji News Desk

One day before the public can start exchanging ₹2000 notes, the Reserve Bank of India has issued guidelines to banks regarding the exchange service. 

RBI's circular says: 

The facility of exchange of ₹2000 banknotes across the counter shall be provided to the public in the usual manner, that is, as was being provided earlier.

Banks are advised to provide appropriate infrastructure at the branches such as shaded waiting space, drinking water facilities, etc. considering the summer season.

Banks shall maintain daily data on deposit and exchange of ₹2000 banknotes and submit the same as and when called for.

On Friday, the RBI announced that ₹2000 notes would be withdrawn from circulation, but would continue to remain legal tender. 

Exchange facility of ₹2000 notes will be available from tomorrow, 23rd May until 30th September 2023. 

2000

Recommended For You

editorji | Business

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

editorji | Business

Reliance denies buying Iranian oil amid US sanctions waiver

editorji | Business

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

editorji | Business

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

editorji | Business

Govt announces seven measures to help boost exports