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People are requested to avail the facility of sending Rs 2,000 banknotes through post offices of India Post, the RBI said, adding that this will obviate the need for travel to RBI offices for deposit or exchange of the currency.
Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far.
They include the new tax collected at source structure for foreign remittances, the way you spend during festival season, and tracking the RBI’s monetary policy announcement for any repo rate hike.
From the end of deadlines for exchanging Rs 2,000 notes, providing nomination or opt-out for investments in MFs and demat accounts to significant changes to Axis Bank Magnus and Reserve card, there is much happening in the financial arena you need to be aware of.
On May 19, the RBI withdrew all Rs. 2,000 notes under its Clean Note Policy.