Rs 2,000 notes can be sent by post to RBI offices for direct credit in bank accounts

People can send Rs. 2,000 banknotes through insured post to Reserve Bank regional offices for credit in their bank accounts.

This is a convenient option for those who live outside of the Reserve Bank’s regional offices. Furthermore, the RBI is providing TLR (Triple Lock Receptacle) forms to people in exchange for a deposit of Rs. 2,000 in cash.

”We encourage consumers to deposit Rs. 2,000 notes to the RBI by insured post for direct credit into their accounts in the most convenient and secure manner. This will spare them the trouble of visiting to certain branches and waiting in queue,” said RBI Regional Director Rohit P Das.

Both TLR and insured post are highly secure, and there should be no worry in the public’s mind about these choices, he said, adding that the Delhi office has received about 700 TLR forms thus far.

Apart from the exchange facility at its offices, the RBI has been stressing these two choices in its communications, he added.

The RBI announced the removal of Rs. 2,000 denomination bank notes from circulation on May 19. More than 97% of the Rs. 2,000 banknotes in circulation as of May 19, 2023, had been returned.

According to Reserve Bank of India Governor Shaktikanta Das, the regional office in Delhi has made special provisions for senior folks and ‘divyangjan’ by establishing a separate queue for them.

He mentioned that there is a separate queue for people bringing in fewer such currency notes, such as 2-3, for faster disposal. He stated that a drinking water facility and a covered waiting room have been established to ensure that the public is not inconvenienced, adding that Rs. 2,000 notes remain legal tender.

Das acknowledged that the Delhi Police is assisting in crowd control and ensuring that no unfavorable incidents occur in the neighborhood of the RBI regional office.

Initially, the public and entities possessing such notes were instructed to exchange or deposit them in bank accounts by September 30. The deadline has been pushed back to October 7.  Both deposit and exchange services at bank branches were halted on October 7.

Individuals have had the option of exchanging currency or having the equal amount credited to their bank accounts at the RBI’s 19 offices from October 8.

Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram are among the 19 RBI offices where bank notes can be deposited or exchanged.

Following the demonetisation of the then-current Rs. 1,000 and Rs. 500 banknotes in November 2016, the Rs. 2,000 banknotes were introduced.