Breaking: Do not crowd Banks to change notes, People have 4 months time: RBI Governor

The process of exchanging 2000 notes will start from Tuesday in all the banks of the country. Three days after the announcement, Reserve Bank of India (RBI) Governor Shaktikanta Das said that people should not crowd banks to exchange notes. We have given 4 months time. Feel free to change notes, but take the time limit seriously.

The governor said, ‘Even after the deadline of September 30, 2000 notes will remain legal tender. On May 19, RBI announced the closure of 2000 rupee notes. RBI has asked to exchange such notes in banks or deposit in accounts by 30 September.

Banks will keep account of notes daily, will take care of people

RBI issued another guideline on Monday. In this, the banks have been asked to arrange shady places and water for the people in view of the heat. Keep a daily account of how many notes were exchanged and how many were deposited.

Will solve any problem that comes your way

RBI Governor Shaktikanta Das said, ‘Whatever problem comes, we will remove it. We will also monitor this process through banks. There is nothing to worry about. Under the currency management operation itself, we have started the work of removing 2000 notes from circulation.

Earlier also people did not accept 2000 notes in the shop. It has probably increased after our announcement. We had said that it will remain a legal tender. You can make purchases with 2000 notes. By September 30, most of the notes will come to us and then we will decide.

No PAN and Aadhaar required for exchange of Bank Notes:

State Bank had issued a guideline on Sunday to change the 2000 note. India’s largest bank had said that no ID is required to exchange notes. No form will have to be filled. 10 notes can be changed at a time.

The notification was issued by the State Bank because different information was being given on social media regarding the exchange of notes. It was being said that an ID like Aadhaar would be necessary to exchange the notes and a form would also have to be filled.