Rs 2000 note withdrawal limit: Last week, the Reserve Bank of India (RBI) had issued a notification stating that Rs 2000 note is being withdrawn from circulation.
Anyone who currently has these notes will have a chance to deposit or exchange them from May 23 to September 30. The Reserve Bank of India has clarified in its notification that a person will be able to exchange Rs 2000 notes up to Rs 20,000 in a day. Let us know what is the limit fixed for depositing in the bank account.
What is the limit for bank account
In a notification issued by the Reserve Bank of India on May 19, 2023, it was said that any person can deposit Rs 2000 note in his account from any branch. The old rule of depositing money in the bank account will continue to apply. Because of which there will be no limit to deposit 2000 rupee note.
It will be necessary to deposit money in the bank account
There is no limit to deposit money in the bank account. But if your KYC is not done, then there will be a problem in depositing 2000 rupee notes. Let us tell you, it has been clarified in the press release of RBI that Rs 2000 note can be exchanged from May 23 itself.
If a person needs more than Rs 20,000, then he should first deposit Rs 2000 notes in his account. And debit the same amount from the bank account. Please tell, no bank can refuse you to exchange 2000 rupee note.
