Exchange facility for Rs 2000 notes will be available only at bank branches and cannot be done through post offices, according to sources.
"Exchange facility is available only at banks. Customers can make deposits since Rs 2000 note is legal tender," the sources said.
Members of the public can start exchanging or depositing their Rs 2000 starting from today, RBI said while announcing last week the decision to withdraw the high-value currency from circulation.
The Reserve Bank of India (RBI) on Friday decided to withdraw the Rs 2000 denomination currency notes from circulation, but added they will continue to remain as legal tender.
RBI had also advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect. Such high-value currency notes were primarily issued to quickly replenish the value of money being taken out from the system when the legal tender status of then-prevailing Rs 1000 and Rs 500 notes was withdrawn during demonetisation.
RBI, however, said that citizens will continue to be able to deposit Rs 2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch up to September 30, 2023.
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