2000 Rupees Note: Banks going to deposit all their 2000 rupee notes? may have to pay

2000 Rupees Note: Banks going to deposit all their 2000 rupee notes?  may have to pay

2000 Rupees Note Bank Deposit Rule: After the RBI’s decision to withdraw 2000 rupees from circulation, the process of depositing and exchanging notes is starting today in all the banks of the country. In such a situation, if you are going to the bank to exchange all your 2000 rupee notes, then once you should know about the bank service charge. 

The Reserve Bank of India has made it clear that there will be no charge for changing the notes. This means that it will be replaced and deposited free of cost. However, the process of depositing money in the account will be done in the normal and old way only. Here 
all you need to know about daily limit, charges and other details.

Charges levied by banks on deposits and withdrawals 

Major banks levy service charge on cash transactions. However, this charge is levied on deposits and withdrawals when the monthly specified amount is crossed. Some similar rule may also be applicable on Rs 2000 note and if depositing more money than the limit then charge may have to be paid. 

What you need to know before depositing notes in the bank 

If you are going to deposit 2000 rupees note then you must know some things. According to ET’s report, these will be deposited through the normal banking system. In simple language, 2000 rupee notes will be deposited as other currency is deposited and same rules will apply. You can deposit the Rs 2000 note till September 30. 

Which bank charges how much service fee 

If your bank levies a service charge on deposits and withdrawals, you will have to pay such charges even if you are not exchanging Rs 2000 notes. 

SBI Bank- Three cash deposit transactions are free in a month. Beyond this, the bank will charge Rs 50 + GST ​​per deposit. Rs 22 plus GST charge is levied on cash deposits through debit cards through third parties. 

HDFC Bank- 4 transactions are free in this bank during a month. If you do more than this, then Rs 150 service charge and GST will be taken. Transactions can be done up to Rs 2 lakh per month. The limit for the third party is Rs 25,000. The daily limit for savings accounts is Rs 2 lakh. 

ICICI Bank- This bank gives four free transactions in a month. You can do free transactions of Rs 1 lakh in a month. If it is more than this, a fee of Rs 150 and GST will be taken. The limit of deposit from third party is Rs 25 thousand. 

Read also 

2000 Rupees Note: Again queues of currency changers will be seen in banks, from today deposit-exchange 2000 rupee notes

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