If you have 2000 rupee notes as well, the question of whether these can be deposited or exchanged at the post office is certain to come up. The notes can only be deposited and exchanged at banks or 19 RBI regional offices. Post offices, or post offices, have been forbidden this time from exchanging notes. However, because they are legal cash, you can deposit Rs. 2000 notes at the post office. Your post office account has to have your KYC validated for this. The ability to swap a Rs 2000 note is reportedly only available through banks and the RBI. Banks accept 2000 Rupee notes for deposits.
The ability to deposit or exchange 2000 rupee notes
became available on May 23, 2023. Following the RBI’s announcement, persons who already own currency notes worth Rs 2000 can deposit them in their bank accounts or exchange them for notes worth other amounts by visiting a bank branch. According to the RBI, the public would be able to conduct transactions using the 2000 rupee note. She will be able to get it as remuneration in addition to this.
No limitations will apply to the exchange in banks.
Regarding this, no form will be required to be completed. At banks or RBI outlets, you can exchange notes for up to Rs 20,000, or 10 2000-rupee notes. There is no restriction on how many can be placed into the bank account at once. The Reserve Bank of India has urged the general public to wait until September 30, 2023, before exchanging or depositing the Rs 2000 note.
Only notes of Rs 2000 can be dropped
off at the post office. However, having the account holder’s KYC is crucial for this. But the post office does not swap notes.
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