RBI says Rs 2,000 notes can be exchanged through post offices as well

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The Reserve Bank of India had set the last date for exchanging ₹2000 notes as September 30, 2023. However, many people haven’t been able to exchange their notes yet, leading to heavy crowds at RBI offices.

To address this, RBI recently announced that anyone can now exchange ₹2000 notes at their local post office. Additionally, people can download an online form, fill it out, and send it along with their ₹2000 notes to RBI.

There are four ways for people to exchange their ₹2000 notes:

  1. RBI Office:
    Visit the nearest RBI office, fill out the form, and if you prefer cash in exchange for your ₹2000 notes, it will be provided there.
  2. Bank Deposit:
    If you don’t want cash, you can deposit the money into your bank account. However, it’s heard that the transfer might take 1 to 2 months.
  3. Post Office:
    You can also exchange ₹2000 notes at your nearby post office.
  4. By Mail:
    If you prefer not to go anywhere, you can use the postal service. Download the form online, fill it out, and send it with your ₹2000 notes to the RBI office. In this process, the money will be credited to your account within 1-2 months.

This news has been covered by several major newspapers. Last year, RBI imposed restrictions on ₹2000 notes and phased them out of circulation. The ₹2000 notes were introduced in 2016 post-demonetization.


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