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12K bank branches in U.P. to deposit/exchange ₹2000 notes from May 23
On Monday, ₹2000 currency notes worth around ₹90 crore were deposited in all the banks and cash deposit machines of Lucknow alone
As many as 905 branches of all banks in Lucknow and 12,000 branches across Uttar Pradesh have made arrangements for depositing and exchanging ₹2000 currency notes from Tuesday.
Separate counters will also be set up if the number of customers increases and police help will be taken as needed. Media in-charge, United Forum of Bank Unions, Anil Tiwari gave this information on Monday. He said the crowd was not likely to increase as there were very few ₹2000 currency notes in circulation.
“The common man need not worry as the last date for exchange and deposit of these currency notes is September 30, 2023,” he said. Tiwari said account holders whose know your customer (KYC) status was okay could deposit any number of ₹2000 currency notes in their accounts.
However, in Jan Dhan accounts, ₹2000 currency notes worth ₹10,000 will be deposited, he said. These notes can be changed between May 23 and September 30 in all banks and regional offices of the Reserve Bank of India. In the meanwhile, these notes will continue to be legal tender/in circulation.
On Monday, ₹2000 currency notes worth around ₹90 crore were deposited in all the banks and cash deposit machines (CDMs) of Lucknow. There are 128 CDMs in Lucknow in which SBI has 89 machines. A person can deposit ₹49,900 in the CDM.
“We would request the general public to ensure that they do not have any counterfeit notes as FIR will be lodged against them for trying to deposit fake notes. Banks have made complete arrangements for checking fake notes,” he said.
