Thursday, November 30, 2023

Rs 2000 notes: Now, you can send Rs 2,000 notes via post directly to RBI

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People can now conveniently send their Rs 2,000 banknotes to regional offices of the Reserve Bank of India (RBI) via insured post for direct credit in their bank accounts. This option is particularly beneficial for individuals who are unable to visit the regional offices in person. The RBI is also offering a Triple Lock Receptacle (TLR) form for the deposit of Rs 2,000 banknotes into bank accounts. “We encourage customers to utilize the insured post service to send their Rs 2,000 notes to the RBI for seamless and secure credit in their accounts. This will save them the trouble of traveling to designated branches and standing in queues,” RBI Regional Director Rohit P Das told PTI.

He further emphasized that both the TLR and insured post options are highly secure, and the public need not have any concerns regarding their usage. The Delhi office alone has already received approximately 700 TLR forms. In its communications, the RBI has consistently highlighted these two options, in addition to the exchange facility available at its offices.

On May 19, the RBI announced the withdrawal of the Rs 2,000 denomination banknotes from circulation. Since then, over 97 percent of the Rs 2,000 banknotes in circulation as of May 19, 2023, have been returned.

The Delhi regional office has made special provisions for senior citizens and individuals with disabilities by providing a separate queue. Additionally, a separate queue has been designated for those with a smaller number of Rs 2,000 notes, such as 2-3 notes, to expedite the process.

A covered waiting area and drinking water facility have also been set up to ensure convenience for the public. RBI has clarified that Rs 2,000 notes continue to be a legal tender. Initially, the public and entities were advised to either exchange or deposit their Rs 2,000 banknotes in bank accounts by September 30. The deadline was later extended to October 7. However, both exchange and deposit services at bank branches were discontinued from October 7 onwards. Starting October 8, individuals have been given the option to either exchange the currency or have the equivalent amount credited to their bank accounts at 19 RBI offices located in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram. The Rs 2,000 banknotes were introduced in November 2016 following the demonetization of the Rs 1,000 and Rs 500 banknotes that were previously in circulation.

(Inputs from PTI)



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