2000 Rupees Note: Yesterday, the Central Government made a significant announcement regarding the Rs 2000 notes. It has been decided to withdraw these notes from circulation throughout the country.
To comply with this decision, you need to deposit all Rs 2000 denomination notes in banks by 30th September. In addition, the Reserve Bank of India (RBI) has instructed banks to stop issuing Rs 2000 notes immediately. However, amidst this news, there is also an update regarding the Rs 100, 200, and 500 notes.
PNB’s Special Offer
It’s important to note that there have been several fake news reports about currency notes in the past. However, Punjab National Bank (PNB), a government-owned bank in the country, has come up with a special offer to help you easily exchange your old and damaged notes. PNB is providing fresh, new currency notes in return.
Contact Your Nearest Branch
In an official tweet, PNB has stated that you can now easily exchange your old or mutilated notes. Simply visit your nearest PNB branch, where you can exchange both notes and coins.
Rules Issued by the Reserve Bank
According to the Reserve Bank’s new regulations, if you possess old or mutilated notes, there is no need to worry. You can exchange such notes by visiting any branch of the bank. If a bank employee refuses to exchange your note, you can file a complaint regarding this issue. It’s important to keep in mind that the worse the condition of the note, the lower its value will be.
Under Which Circumstances Will Notes Be Exchanged?
As per the RBI guidelines, torn notes will only be accepted if a part of the note is missing or if it consists of more than two pieces that have been appropriately pasted together, ensuring no essential part is missing. If certain crucial elements of the currency note, such as the issuing authority’s name, guarantee and promise clause, signature, Ashoka Pillar, picture of Mahatma Gandhi, watermark, etc., are missing, the note will not be exchanged. Additionally, soiled notes that have become unusable due to long circulation in the market can also be exchanged.
