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HomeIndiaYou can send Rs 2,000 notes by post to RBI offices for...

You can send Rs 2,000 notes by post to RBI offices for direct credit in bank accounts

A person holds Rs 2000 foreign money notes at a financial institution in Kanpur. PTI.

Folks can ship their Rs 2,000 banknotes to specified regional workplaces of the Reserve Financial institution by means of the insured put up for credit score of their financial institution accounts.

This can be a hassle-free choice for the people who find themselves away from the regional workplaces of the Reserve Financial institution.

Moreover, the RBI is providing TLR (Triple Lock Receptacle) type to individuals for a deposit of Rs 2,000 banknotes of their checking account.

“We encourage customers to send Rs 2,000 notes through the insured post to the RBI for direct credit in their account in the most seamless and secure manner. This (will) save them from the hassle of travelling to specified branches and standing in queue,” RBI Regional Director Rohit P Das mentioned.

Each the choices of TLR and insured put up are extremely secured, and there shouldn’t be any worry within the thoughts of the general public relating to those choices, he mentioned, including that about 700 TLR types have been obtained thus far by the Delhi workplace alone.

The RBI, in its communications, has been reiterating these two choices, aside from the alternate facility at its workplaces, he added.

On Could 19, the RBI introduced the withdrawal of Rs 2,000 denomination financial institution notes from circulation. Greater than 97 per cent of the Rs 2,000 banknotes in circulation as of Could 19, 2023, have since been returned.

Giving particulars of preparations made to handle alternate, Reserve Financial institution of India Governor Shaktikanta Das mentioned the regional workplace in Delhi has made particular preparations for senior residents and ‘divyangjan’ by offering a separate queue for them.

There’s a separate queue for these coming with much less variety of such foreign money notes, akin to 2-3, for sooner disposal, he famous.

A ingesting water facility and lined ready space have been created in order that there isn’t a inconvenience to members of the general public, he mentioned, reiterating that Rs 2,000 notes proceed to be a authorized tender.

Das appreciated that Delhi Police helps in crowd administration and guaranteeing that no undesirable incident takes place within the neighborhood of the RBI regional workplace.

Public and entities holding such notes have been initially requested to both alternate or deposit them in financial institution accounts by September 30. The deadline was prolonged to October 7. Each — deposit and alternate — companies at financial institution branches have been discontinued on October 7.

Beginning October 8, people have been supplied with the selection of both exchanging the foreign money or having the equal sum credited to their financial institution accounts at 19 workplaces of the RBI.

The 19 RBI workplaces depositing/exchanging the financial institution notes are 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 have been launched in November 2016, following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 banknotes.

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