Registered RBI offices: RBI has announced 19 RBI offices are there who will accept the 2000 currency and any can go through the website of RBI for the proper address.
Courier through INDIAN POST: Alternatively, you can send the ₹2000 notes through India Post to any of the 19 RBI Issue Offices. In this way, RBI can credit the amount to your savings account.
The process explained: A Simple Step-by-Step Guide Provided by RBI
Now, there’s a new avenue available for you to seamlessly exchange Rs 2000 banknotes by utilizing postal services to send them directly to the RBI office, ensuring swift crediting into your bank account. This convenient option emerges just days following the closure of the exchange/deposit window at traditional bank branches on October 7.
The Reserve Bank of India made a significant move on May 19, 2023, by officially withdrawing the Rs 2000 banknotes from circulation. Initially, the window for depositing or exchanging these notes was accessible at all bank branches across the nation until September 30, 2023. Subsequently, recognizing the need for more time, the deadline was extended to October 7, 2023.
While Rs 2000 banknotes remain legally valid, the option for exchanging them is now restricted to the 19 designated issue offices of the Reserve Bank. A press release from the RBI on November 1, 2023, elaborated on a new provision: individuals across the country can utilize India Post services from any local post office to dispatch Rs 2000 banknotes to any RBI Issue Office. This method facilitates the direct crediting of the amount to their bank accounts in India. The application format for this credit process is provided within the RBI communication.
The process to send 2000 currency to RBI through Indian Post
To courier 2000 currency via Indian Post RBI has provided an application format and with that RBI requires some valid documents:
What are the documentation required ?
• Aadhaar Card
• Driving License
• Voters ID Card
• Passport
• NREGA Card
• PAN Card
• Identity card issued by Government Department
• Last 6-month statement (Ac no, Customer name IFSC code to be mentioned) or updated passbook copy.
• Name of account holder
• Account number
• Type of account
• Bank name
• Branch name/address
• IFSC Code
Point to note: For completion of the process to credit the amount to the customer account RBI announced that the account should be fully KYC complaint.
Go through the RBI official website to find the complete details of the RBI offices.
RBI has announced that people who have 2000 currency mistakenly at their home can send that money through the INDIAN POST and the format can be found on the RBI official website.
The decision to enable the sending of Rs 2000 notes via post was prompted by numerous accounts of extensive queues forming outside RBI offices. Additionally, there were reports highlighting the activities of intermediaries stationed around the RBI office in New Delhi, capitalizing on individuals seeking to exchange Rs 2000 notes and charging exorbitant fees, reaching up to Rs 400 per bill.
RBI Regional Director Rohit P Das emphasized the initiative, encouraging customers to opt for a more convenient and secure method. He suggested utilizing insured postal services to dispatch Rs 2000 notes directly to the RBI. This process is only taken in favor of the customer so that the customer should not be standing in a long queue. According to Das, this process ensures a smooth and secure way of crediting the amount into their accounts.
Limitations and permission for 2000 currency.
RBI said that one individual can deposit a maximum of amount 20,000 of 2000 currency at the 19 registered 19 RBI offices.
Documents required for the process of deposit.
The Reserve Bank of India (RBI) has outlined that the process of exchanging or crediting Rs 2000 notes is contingent upon adherence to relevant RBI/Government regulations, submission of valid identity documents, and undergoing due diligence as determined by the RBI.
Given this, it is strongly recommended to carry official, valid KYC documents such as PAN card, Aadhaar card, Driving License, etc., when seeking to exchange Rs 2000 notes. In addition to the KYC documents, individuals are advised to have the necessary bank account details, where the money is intended to be credited when visiting RBI offices.
How much an individual can deposit ?
You can send Rs 2000 currency notes via India Post to any of the 19 RBI Issue Offices, specifying the recipient’s bank account in India. Banks should be aware that in such cases, thorough due diligence from the branch’s end is required.
It’s important to note that any exchange or credit should comply with all relevant RBI regulations, include valid identification, and undergo any necessary due diligence as determined by the RBI.
Below are the 19 RBI offices who accepted 2000 currency till now.
RBI Ahmedabad, RBI Bhubaneswar, RBI Belapu, RBI Bangalore, RBI Bhopal, RBI Chandigarh, RBI Chennai, RBI Guwahati, RBI Hyderabad, RBI Jammu, RBI Jaipur, RBI Kolkata, RBI Kanpur, RBI Lucknow, RBI Mumbai, RBI Nagpur, RBI New Delhi, RBI Patna, RBI Thiruvananthapuram.
