New Delhi. From today Tuesday, the process of changing 2 thousand notes is starting in the banks and it is expected that on the first day itself a huge crowd may gather.
Ever since Reserve Bank Governor Shaktikanta Das announced the withdrawal of Rs 2000 note from circulation, the wait of the customers has increased. RBI had told that from May 23, Rs 2,000 notes can be deposited in banks or can be exchanged for other currency.
RBI has said that the 2 thousand note will be taken out of circulation after 30 September. The customers who have Rs 2000 notes are being given time to deposit or exchange these notes in the bank.
However, after this announcement, neither the shopkeepers nor the customers like to take 2000 note from anyone, because they will have to go to the bank to exchange or deposit it.
From today, the exchange of notes is starting in government and private banks and there is a possibility of long queues of customers on the very first day itself.
After the announcement of RBI, many customers have started spending 2000 notes at petrol pumps. Because of this, the All India Petroleum Dealers Association has appealed to the RBI that there has been a shortage of cash due to the customers returning retail money instead of 2000 notes.
