Indian Focus News

Post Offices Are Another Way to Exchange Rs 2,000 Notes: RBI

<p>Post offices are another option for exchanging Rs 2,000 notes, according to the Reserve Bank of India (RBI). People are reportedly in line to return the Rs 2,000 notes at RBI offices.</p>
<p><img decoding=”async” class=”alignnone wp-image-340851″ src=”×422.jpg” alt=” post offices are another way to exchange rs 2000 notes rbi 587694 11zon” width=”1173″ height=”660″ title=”Post Offices Are Another Way to Exchange Rs 2,000 Notes: RBI 6″ srcset=”×422.jpg 750w,×576.jpg 1024w,×432.jpg 768w,×220.jpg 390w,×84.jpg 150w, 1199w” sizes=”(max-width: 1173px) 100vw, 1173px” /></p>
<p>People may mail the notes to any of the RBI’s 19 issuance offices from any post office, the RBI stated in a series of Frequently Asked Questions (FAQs) on its website.</p>
<p>Methods for Changing 2000 Rupees Note: Exchange Rs. 2000 Notes at the Post Office</p>
<p>It said that individuals must complete an online application form and mail the notes to an RBI issuing office using any India Post location.</p>
<p>The decision to remove the Rs 2,000 notes, which were originally issued after the 2016 demonetization drive, was announced by the top bank in May of last year.</p>
<p>The RBI had said that the decision to remove the Rs 2,000 notes was made because the majority of them had outlived their anticipated useful life and were not being used by the general people for transactions.</p>
<p>As of May 2023, more than 97.38% of the Rs 2,000 notes that were in circulation have been returned. The RBI has made accessible a number of other channels via which the notes may be traded or deposited in addition to bank counters.</p>
<p>According to the FAQ, a person may swap or deposit the notes up to a total of Rs 20,000 at a time across the 19 issuing offices in addition to the post-office-based services.</p>

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