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have returned to the banking system at the close of business on February 29, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public.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.
It's govt's responsibility to support youth who dare to dream: Omar Abdullah
Jammu (PTI): Jammu and Kashmir Chief Minister Omar Abdullah on Monday said the government may not be able to provide jobs to everyone, but it can create an ecosystem for youngsters to become entrepreneurs and innovators.
It is the responsibility of the government to support youth who dare to dream, he said.
After inaugurating the 11th National Conference and Exhibition on Emerging and Innovative Trends in Engineering Technology (NCEEITET) at the Government College of Engineering and Technology (GCET) in Jammu, Abdullah said, “We may not be able to provide jobs to everyone, but we can certainly create an environment where our youngsters become entrepreneurs and innovators.”
The two-day conference is being organised by the GCET in collaboration with the Indian Institute of Technology-Kharagpur and the World University Consortium (WUC).
Addressing the gathering, Abdullah assured that all necessary steps would be taken to strengthen infrastructure and support systems at the GCET, ensuring that it continues to evolve as a premier institution.
The chief minister also inaugurated a new building for the School of Architecture in the college, built at Rs 19.71 crore.
Stressing the need to balance modernity with the region’s cultural and historical identity, Abdullah said, “Not every building needs to be made of glass and steel. Our structures must reflect our heritage and preserve our cultural ethos.”
Highlighting the role of emerging technologies such as artificial intelligence and machine learning, Abdullah said they could significantly improve tourism management, visitor experience and service delivery in Jammu and Kashmir.
However, he cautioned that technological advancement should complement human effort rather than replace jobs, especially in a region where unemployment remains a concern.
The chief minister said that attracting tourists to Jammu and Kashmir was not difficult, but ensuring repeat visits required consistently enriching experiences and better infrastructure across tourism segments, including pilgrimage, border and leisure tourism.
To address the infrastructure gaps in the college, Abdullah announced that funds would be provided this year for the construction of an auditorium.
He also assured support for setting up an incubation centre in GCET.
During the event, Abdullah also released the e-proceedings of the conference, comprising 28 shortlisted research papers.
