Quick Summary
RBI has withdrawn Rs 2000 notes from circulation.Individuals holding Rs 2000 notes can now either exchange them for other denomination notes from a bank or deposit the same into their bank accounts. However, if you deposit more than Rs 50,000 in a single transaction, then you have to mandatorily quo
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FAQ :
You need to quote your PAN card if you deposit more than £50,000 in Rs 2000 notes in a single transaction at a bank or post office.
You can deposit up to £50,000 in a single transaction in Rs 2000 notes without needing to quote your PAN card.
Yes, you can exchange Rs 2000 notes for other denominations. There is a limit of exchanging a maximum of 10 notes or £20,000 at a time.
Yes, the last date to deposit or exchange Rs 2000 notes is September 30, 2023.
The RBI has withdrawn the Rs 2000 notes from circulation as part of its clean money policy.
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