You will be unable to withdraw 2000 rupee notes from ATMs, know which financial institution took this step

by Jeremy Spirogis
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New Delhi. There is a giant information in regards to the 2000 rupee observe. Actually a financial institution has determined that they won’t put 2000 rupee notes of their ATM machines. In return, the financial institution has determined to place extra notes of 200 rupee notes. This choice has been taken by Indian Bank which is a authorities financial institution. According to an Indian Bank official, the financial institution has determined to cease placing greater than 200 rupee notes and loading 2,000 rupee notes to assist prospects of their ATMs. Indian Bank has given this info in all its branches.

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What is the explanation

According to an Indian Bank official, after withdrawing cash from the financial institution's ATM, prospects come to the financial institution department and request to trade 2000 rupee notes with small quantity notes. <! –

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                 This causes inconvenience to each the financial institution and the shopper. To keep away from this inconvenience, Indian Bank has determined to not add extra Rs 2000 notes to its ATMs. Explain that within the observe ban in 2016, 500 and 1000 rupee notes have been discontinued. A brand new 500 rupee observe was introduced instead of 500 rupees, however as an alternative of 1000 rupees, the federal government launched a 2000 rupee observe.

Since when will you not get 2000 rupee notes

Keep in thoughts that this choice is just for Indian Bank. The remainder of the banks haven’t made any such announcement. Where Indian Bank is anxious, in keeping with the financial institution, forex notes of Rs 2,000 forex notes remaining within the ATM might be withdrawn after March 1. That is, 2000 rupee notes might be obtainable in Indian Bank's ATM until February 29 solely.

Allahabad Bank to be merged

For info, tell us that in keeping with a authorities proposal, Allahabad Bank is to be merged with Indian Bank. At current, you may proceed to get 2000 rupee notes at Allahabad Bank ATM. Indian Bank has clarified {that a} choice might be taken on Allahabad Bank's ATMs for the Rs 2,000 notes after the merger course of is accomplished.

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