first exchange the money then report.
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2000 Rupee notes to be phased out
- Thread starter Sreerag
- Start date
karankayastha
TF Premier
Guys as per rbi circular even after 30 sept it will be legal tender
People already started refusing it the moment this was announced or they came to know about it. 'Legally' yes, no one can refuse, but 'practically'...... we all know that it is as good as invalid in the market.
It is quite one thing for a community like ours which holds multiple cards and do online transactions and mostly stay in metros and tier 1 cities to talk about this not affecting us. We know what is the penetration of credit cards in our country and how many people actually use internet and mobile banking. While it is true that the use of UPI and wallets have increased manifold in the last few years and it has penetrated deep inside the country even in remote areas, it still does not have universal usage and many people, especially the elderly, are not able to use it. Also, with the use of UPI and wallets, frauds have also increased a lot and it has mostly been targeted at people who are most economically vulnerable.
I am not saying for once that because of the above, such measures should not be taken. Unless hard decisions are taken, we will never progress and move forward and there will never be a perfect time to take such decisions as there will always be some people who will be adversely affected. Such decisions must be taken, but we must be aware that there are people, apart from just hoarders of black money, who will be adversely impacted, who are genuine, hard working people and who do not deserve hardships, but are facing it as a price for the nation to move forward. While taking these decisions, it is the responsibility of people like us, who are even the slight bit more aware, more knowledgeable and more privileged, to help and support the others who do not have such privilege and create a conducive atmosphere for such decisions to succeed and include everyone in that success. It is easy and simplistic to just say that it is a good move and will impact only black money hoarders is like taking the easy way out.
Sorry for the longish message and if it felt preachy, but just wanted to share my heartfelt thoughts.
I am not saying for once that because of the above, such measures should not be taken. Unless hard decisions are taken, we will never progress and move forward and there will never be a perfect time to take such decisions as there will always be some people who will be adversely affected. Such decisions must be taken, but we must be aware that there are people, apart from just hoarders of black money, who will be adversely impacted, who are genuine, hard working people and who do not deserve hardships, but are facing it as a price for the nation to move forward. While taking these decisions, it is the responsibility of people like us, who are even the slight bit more aware, more knowledgeable and more privileged, to help and support the others who do not have such privilege and create a conducive atmosphere for such decisions to succeed and include everyone in that success. It is easy and simplistic to just say that it is a good move and will impact only black money hoarders is like taking the easy way out.
Sorry for the longish message and if it felt preachy, but just wanted to share my heartfelt thoughts.
Three months is a long time. If you are holding lots of currency of 2K, and its all genuine, you can relax and deposit at bank, and withdraw at will. Hopefully this message gets across
Well, I mentioned that it is not being accepted anymore in the market. Didn’t mention about depositing in bank. Of course there will be no issues in depositing any amount in the bank as long as it is genuine.
bhavik886151
TF Premier
Us bank main mere pure family k 10 saving or company ka 1 total 11 account hain or wo bhi 10 saal se jayada ho gaya hain.
so koi bhi bank exchange kar hi dega
No rush, yesterday exchanged 10 notes Even PSU banks are not having any que.
DealHunter786
TF Premier
One of my relatives just discovered six 2000 rupee note in the shelf.. Any chances of redeeming it now 🙂
You can send Rs 2,000 bank notes via post office to RBI office for direct credit into your bank account
The deposit and/or exchange of Rs 2000 banknotes was initially available at all bank branches in the country until September 30, 2023, and was then extended till October 7, 2023.
Try this. Seems working, my friend did this way recently in Nov 1st week.
DealHunter786
TF Premier
I contacted the post office and they said they are accepting the notes but not sure if RBI would accept it. And also they claim no accountability of the amount received. Is there a helpline number for ensuring RBI still accepts the notes through post?You can send Rs 2,000 bank notes via post office to RBI office for direct credit into your bank account
The deposit and/or exchange of Rs 2000 banknotes was initially available at all bank branches in the country until September 30, 2023, and was then extended till October 7, 2023.economictimes.indiatimes.com
Try this. Seems working, my friend did this way recently in Nov 1st week.
That's the only option left now. Need to take the risk as nothing can be done. Both are government agencies.
Try going to RBI regional offices if they are available nearest to your location.
DealHunter786
TF Premier
Came across this so RBI still accepts through post offices.. going ahead with it. Thanks!
Post office has a process for sending 2000 notes to RBI. They will provide you a form to fill and notes will be insured as well (100-150 charge per 2000 note)
If we have to directly deposit to one of the RBI office then what all required
Haven't done it personally but attached form was released by RBI in their press release
