Window opens for exchanging 2000 rupee note in banks

The Banks across the country will start accepting 2,000 rupee notes for exchange from today.

In a circular issued yesterday, the Reserve Bank of India has directed banks to maintain data on a daily basis on the amount of 2000 rupees notes exchanged and the amount that has been deposited into accounts. 

The RBI said that the facility of exchange of 2000 rupees banknotes across the counter shall be provided to the public, in the usual manner.

Earlier, RBI had announced to withdraw the 2,000 rupee note from circulation on 19th May. 2,000 rupee notes were issued in 2016 after the Central government announced the demonetisation of old 500 rupee and 1,000 rupee currency notes.