Facility to exchange, deposit Rs 2,000 notes not available on Apr 1: RBI
Mumbai, Mar 28: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday.
The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of the RBI, it added.
"The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024 at the 19 issue offices of the Reserve Bank of India due to operations associated with the annual closing of accounts," it said.
On May 19, 2023, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system at the close of business on February 29, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public.
People can deposit and/or exchange Rs 2,000 bank notes at the 19 RBI offices across the country.
People can also send Rs 2,000 bank notes through India Post from any post office to any of the RBI issue offices for credit to their bank accounts in India.
Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30, 2023. The deadline was later extended to October 7, 2023. Deposit and exchange services at bank branches were discontinued on October 7.
Starting October 8, 2023, individuals have been provided with the choice of either exchanging the currency or having the equivalent sum credited to their bank accounts at the 19 offices of the RBI.
The 19 RBI offices depositing/exchanging the bank notes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.
The Rs 2,000 bank notes were introduced in November 2016, following the demonetisation of the then Rs 1,000 and Rs 500 bank notes.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
A strong magnitude 6.1 earthquake shakes Indonesia's Java Island, felt in Jakarta
Jakarta, Apr 27: A strong magnitude 6.1 earthquake shook the southern part of Indonesia's main island of Java on Saturday, but there were no immediate reports of injury or significant property damage.
The U.S. Geological Survey said the quake struck 102 kilometers (63 miles) south of Banjar city at a depth of 68.3 kilometers (42.4 miles). There was no tsunami warning.
High-rises in the capital Jakarta swayed for around a minute and two-story homes shook strongly in the West Java provincial capital of Bandung and in Jakarta's satellite cities of Depok, Tangerang, Bogor and Bekasi. The quake was also felt in other cities in West Java, Yogyakarta and East Java province, according to Indonesia's Meteorology, Climatology and Geophysical Agency.
The agency warned of possible aftershocks.
Earthquakes are frequent across the sprawling archipelago nation, but they are rarely felt in Jakarta.
Indonesia, a seismically active archipelago of 270 million people, is prone to seismic upheaval because of its location on major geological faults known as the Pacific “Ring of Fire.”
A magnitude 5.6 earthquake in 2022 killed at least 602 people in West Java's Cianjur city. It was the deadliest in Indonesia since a 2018 quake and tsunami in Sulawesi killed more than 4,300 people.
In 2004, an extremely powerful Indian Ocean quake set off a tsunami that killed more than 230,000 people in a dozen countries, most of them in Indonesia's Aceh province.
