People can send Rs 2,000 notes by post to Reserve Bank of India offices for direct credit in bank accounts

Image Source : REPRESENTATIONAL Rs 2,000 currency notes have been withdrawn from circulation.

The Reserve Bank of India (RBI) said that people can send their Rs 2,000 bank notes to its specified regional office through insured post for credit in their bank accounts. This is a convenient option for those who are away from the regional offices of the Reserve Bank. In addition, the RBI is providing Tri Lock Receptacle (TLR) forms for individuals to deposit Rs 2,000 currency notes in their bank account.

An easy choice for people

“We recommend customers to send Rs 2,000 notes through insured post to the RBI for direct credit in their account in the most seamless and safe way. This will save them from the hassle of traveling to specified branches and standing in the queue, ” RBI Regional Director Rohit P Das said. He said there should be no concern in the public’s mind regarding the TLR and insured job options as they are both very safe. Das also mentioned that the Delhi office alone has received about 700 TLR forms so far.

RBI provides two options

In its communications, the RBI is reiterating these two options, apart from the exchange facility in its offices. Reserve Bank of India Governor Shaktikanta Das provided the details of the exchange management procedures, saying that the regional office in Delhi has made a special line for senior citizens and “divyangjan”. For faster disposal, he mentioned that there is a separate queue for people who come with fewer notes, like 2 or 3.

Rs 2,000 notes were withdrawn

Public and entities holding Rs 2,000 currency notes were initially asked to exchange or deposit them in bank accounts by September 30. Later, the deadline was extended to 7 October. 7.

From October 8, individuals have the option to exchange the currency or credit the equivalent amount to their bank accounts at 19 offices of the RBI.

The 19 RBI offices depositing/exchanging the bank notes are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram. It should be mentioned here that the Rs 2,000 bank notes were introduced in November 2016, after devaluing the then prevailing Rs 1,000 and Rs 500 currency notes.

(With inputs from PTI)

ALSO READ: Over 97 per cent of Rs 2,000 notes back, currency worth Rs 10,000 cr still with public: RBI

Latest Business News

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at The content will be deleted within 24 hours.

Read original article here

Leave a Comment