RBI 2,000-rupee note exchange/deposit last date :-
According to the RBI statement, people will be able to deposit their Rs 2,000 notes or exchange them for smaller notes between May 23 and September 30.
Rs 2,000 exchange/deposit limit :-
Bearers will be able to exchange Rs 2,000 notes worth up to Rs 20,000 (10 notes of 2,000 rupees each) at a time, according to the statement.
Also Read - RBI withdraws Rs 2000 notes - What Should You Do With Your Notes
What is the process to deposit the Rs 2,000 note? :-
According to the RBI, the deposit can be made on the given dates in the usual manner, without any restrictions and "subject to extant instructions and applicable statutory provisions".
Also Read :- BIG Update on On Exchange Of ₹ 2,000 Notes at SBI
Why is there a limit on the exchange? :-
The RBI has restricted the exchange of the Rs 2,000 note for notes of smaller denominations at the bank to 10 at a time (Rs 20,000 in value) in order to ensure operational convenience and to avoid disruption of regular activities at the bank branches.
What are the key features of the Rs 2,000 note? :-
The Rs 2,000, measuring 66 millimeters by 166 millimeters, is Magenta in colour with an image of Mahatma Gandhi along with the Ashoka Pillar emblem on the obverse, and a motif of the Mangalyaan on the reverse along with the logo of Swachh Bharat Abhiyan.
