If you have a two thousand rupee note and want to exchange it, then you have a big opportunity because RBI is now giving you the facility that you can deposit the two thousand rupee note in the post office instead of depositing it in the bank account. .
Now there will be no need to go to RBI offices to deposit Rs 2,000 note in your account. Any person can send a note of Rs 2,000 to the issue office of RBI through any post office in the country and deposit it in his account.
Notes will be out of circulation from May 19
The Central Bank has taken this decision in view of the difficulties faced in exchanging notes. On the other hand, more than 97 percent of the Rs 2,000 denomination notes withdrawn from circulation have returned to the banking system. Now only notes worth Rs 10,000 crore are left with the people. RBI had announced the withdrawal of Rs 2,000 denomination notes from circulation on May 19 this year.
Extended deadline
People were given the facility to deposit these notes in banks and exchange them with notes of other denominations. The public and institutions holding such notes were initially asked to exchange them or deposit them in bank accounts by September 30. Later this deadline was extended till October 7.
Both deposit and exchange services in bank branches were closed on October 7. From October 8, individuals have been provided the option to exchange currency at 19 RBI offices or deposit the equivalent amount in their bank accounts.
However, now these notes cannot be deposited in banks but Rs 2,000 notes can be deposited or exchanged in 19 offices of the Reserve Bank. Meanwhile, long queues are being seen during working hours at RBI offices to exchange or deposit Rs 2,000 notes. RBI has also made it clear that Rs 2000 notes will still be considered valid.
