People can now send their Rs 2,000 banknotes to the RBI regional office via insured post for credit in their bank accounts without trouble. The RBI offers Triple Lock Receptacle (TLR) forms for bank account note deposits…
The Reserve Bank of India (RBI) allows consumers to transmit Rs 2,000 banknotes to its regional office by insured mail for bank account credit. This is convenient for Reserve Bank customers outside regional offices. The RBI also gives Triple Lock Receptacle (TLR) forms to anyone who deposit Rs 2,000 currency notes in their bank accounts.
“We recommend sending Rs 2,000 notes to the RBI via insured mail for direct credit in their accounts for maximum convenience and security. This will save them from traveling to branches and waiting “Rbi Regional Director Rohit P Das said. He said the TLR and insured post alternatives are safe, so the public shouldn’t worry. Das said the Delhi office has received 700 TLR forms.
The RBI has repeated these two alternatives, excluding its office exchange, in its communications. Reserve Bank of India Governor Shaktikanta Das explained exchange management methods, saying the Delhi regional office has a separate line for seniors and “divyangjan”. He said there’s a separate queue for persons with 2 or 3 notes for faster disposal.
By September 30, the public and entities holding Rs 2,000 currency notes have to exchange or deposit them in bank accounts. This deadline was extended to October 7. Bank branches suspended deposit and exchange services on October 7.
Since October 8, 19 RBI offices have offered currency exchange or bank account credits.
The 19 RBI offices depositing/exchanging the bank notes are in Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram. The Rs 2,000 banknotes were issued in November 2016 after the demonetisation of the Rs 1,000 and Rs 500 notes.
Conclusion
The RBI offers two easy ways to deposit Rs 2,000 banknotes:
Sending cash to the RBI's regional office by insured mail for bank account credit.
Depositing banknotes in their bank accounts using the Triple Lock Receptacle (TLR) form.These solutions are available to those who cannot visit RBI regional offices.
RBI has extended the deadline for depositing Rs 2,000 banknotes in bank accounts to October 7, 2023. This will offer people more time to deposit money, especially those outside RBI regional offices.
RBI efforts will enable deposit all Rs 2,000 banknotes in bank accounts or swap them for fresh currency notes.
