![\"Reserve](\"http:\/\/newstodaytalk.com\/wp-content\/uploads\/2023\/05\/rbi.png\")
The central bank advised the public to deposit Rs 2,000 notes \u2014 introduced during demonetisation in November 2016, when Rs 500 and Rs 1,000 notes were withdrawn \u2014 into their bank accounts and\/ or exchange them into notes of other denominations at any bank branch. It also advised banks to stop issuing Rs 2,000 notes with immediate effect.<\/p>\n\n\n\n
\u201cIn order to ensure operational convenience and to avoid disruption of regular activities of bank branches, exchange of Rs 2,000 banknotes can be made up to a limit of Rs 20,000 at a time, at any bank starting from May 23,\u201d it said.<\/p>\n\n\n\n
\u201cTo complete the exercise in a time-bound manner and to provide adequate time to the members of public, all banks shall provide deposit and\/ or exchange facility for Rs 2,000 banknotes until September 30, 2023,\u201d it said.<\/p>\n\n\n\n
\u201cDeposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions,\u201d the RBI said.<\/p>\n\n\n\n
The facility for exchange of Rs 2,000 notes, up to the limit of Rs 20,000 at a time, will also be provided at the 19 regional offices of the RBI having issue departments from May 23.<\/p>\n\n\n\t\t