TomorrowMakers

• No service charges: These banks prioritise customer convenience by waiving fees on Rs. 2,000 note deposits.
• Seamless experience: Deposit or exchange your Rs. 2,000 notes without incurring any additional financial burden.
• Customer-centric policies: Senior citizens and specially-abled individuals are provided with dedicated arrangements for easy transactions.
• Extended deadline: Deposit any quantity of Rs. 2,000 banknotes until September 30, 2023, at these accommodating banks.

In a recent move by the Reserve Bank of India (RBI), the withdrawal of the Rs. 2,000 banknote from circulation was announced, sparking various guidelines and procedures for depositing or exchanging these notes. While many banks have implemented rules and service charges for cash transactions, there are a few notable banks that have decided not to levy any service charges on the deposit of Rs. 2,000 banknotes. Let's take a closer look at some of these banks and their accommodating policies.

Also Read: The Rs 2,000 Note Dilemma: Miss the Deadline, Face the Fallout

• ICICI Bank:

ICICI Bank has taken a customer-friendly approach by allowing individuals to deposit Rs. 2,000 banknotes without any restrictions. Customers can deposit these notes at any branch or through the bank's cash deposit machines. Moreover, ICICI Bank has gone the extra mile to provide convenience for senior citizens and specially-abled individuals by offering doorstep banking services and dedicated arrangements at their branches. Until September 30, 2023, ICICI Bank will not impose any charges on the handling of Rs. 2,000 banknotes for its individual savings account customers.

• Canara Bank:

Canara Bank has also joined the initiative of supporting customers by waiving charges for the deposit of Rs. 2,000 denomination notes in both current and savings accounts. This customer-centric approach aims to encourage individuals to deposit these banknotes without incurring any additional fees.

• Punjab National Bank (PNB):

Punjab National Bank has made the process of exchanging Rs. 2,000 notes hassle-free. The bank has clarified that there is no requirement for Aadhar cards, official verified documents (OVDs), or any additional personal information to exchange these notes. PNB has simplified the procedure by eliminating the need for forms or extensive documentation, facilitating a seamless and efficient exchange process.

Also Read: The Real Reason Why Rs 2,000 Notes Are Being Withdrawn

• HDFC Bank:

HDFC Bank has also extended a generous policy for its customers. The bank has notified its account holders that they can deposit any quantity of Rs. 2,000 banknotes at any branch until September 30, 2023, without incurring any service charges. This customer-centric approach allows HDFC Bank customers to deposit their Rs. 2,000 banknotes at their convenience, promoting a smooth transition during this phase.

The withdrawal of the Rs. 2,000 banknote from circulation in India has led to various policies and guidelines for depositing or exchanging these notes. While some banks have implemented service charges for cash transactions, others have taken a customer-friendly approach by not levying any additional fees on the deposit of Rs. 2,000 banknotes. As the deadline for depositing these banknotes approaches, customers can take advantage of these customer-centric policies to ensure a smooth banking experience.