New Delhi: The central government, through various means of communication, has issued some clarifications, stating that Rs 2,000 notes will continue to be legal tender even after September 30, and that consumers will not be provided with any additional documents or forms to exchange their notes. No need to do. Banks.
The Reserve Bank of India (RBI) on Friday announced Rs 2,000 note , introduced after demonetisation , will be closed.
It ordered banks to stop issuing high denomination notes into circulation and urged people to either exchange their notes or deposit them at banks and RBI offices. The deadline for exchange and deposit in banks was set at September 30, 2023.
The RBI, neither in its announcement nor in the attached FAQ document, specified what would happen to Rs 2,000 notes after September 30.
The Twitter handle of the government’s citizen engagement platform MyGov clarified the position on Sunday.
Yes! ₹2000 notes will continue to be legal tender even after September 30, 2023. Your currency will remain valid, so keep calm and end this panic.
Government owned State Bank of India , country’s largest lender , wrote a letter to the Chief General Managers of all its offices on Saturday, saying that “the facility of exchange of bank notes in the denomination of Rs 2,000 to all members of the public to the extent of Rs 20,000 at a time will be allowed without any demand slip”.
“Further, no identity proof is required to be produced by the tenderer at the time of exchange,” said the instructions reviewed by ThePrint.
Finance Ministry officials confirmed that these procedures would be followed in all other banks as well.
The MyGov handle also clarified that any bank, irrespective of whether a person has an account with them or not, can exchange Rs 2,000 notes.
(Editing by Richa Mishra)