Do You Know What RBI Will Do The Withdrew 2000 Currency?? : As We all know that the country’s central bank, the Reserve Bank of India (RBI) has commenced to withdraw the country’s higher value currency i.e. 2000 rupee note as a part of currency management regulation. People can exchange or deposit the 2000 rupee note in a bank until 30.09.2023, until that the currency will be legal tender across the country.
According to the report, after collecting all 2000 rupee notes, the central bank will verify the notes whether it is fake or not through Currency Verification and Processing System (CVPS). It can verify nearly 60,000 notes in an hour and the verified note will be grouped according to certain criteria. The inappropriate notes are shredded and the appropriate notes are recycled to create new currency notes.
People can exchange their 2000 notes in the banks without submitting any ID Profs. There are solidly four months to exchange the currency, so people are instructed not to rush to exchange the currency. People can also report to their respective departments if they faced any difficulties in exchanging the currency.