The Reserve Bank of India (RBI) has made an announcement regarding the withdrawal of Rs 2000 denomination banknotes from circulation as part of its "Clean Note Policy." Despite this, the Rs 2000 notes will continue to be legal tender. Starting from May 23, 2023, individuals can exchange their Rs 2000 banknotes for other denominations up to a limit of Rs 20,000 at a time at any bank, ensuring convenience and minimal disruption to regular banking activities.
If you're planning to visit a bank for currency exchange, it is essential to be aware of the list of bank holidays during which banks will remain closed. This comprehensive report provides an overview of scheduled bank holidays, allowing individuals seeking to exchange their Rs 2000 banknotes to plan their visit accordingly.
The RBI governs most bank functions, including determining their schedules and holidays for the entire year. As per RBI guidelines, both public sector banks and private sector banks are closed on Sundays and on the second and fourth Saturdays of each month.
Bank holidays in India consist of mandatory holidays set by the banking sector, as well as additional holidays designated by different states for festivals and special occasions. Stay informed about these holidays to ensure a smooth currency exchange process.
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