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Indian Bank likely to stop Rs 2000 Note loading from 1st March - See Latest
Indian Bank likely to stop Rs 2000 Note loading from 1st March

Keeping in mind the convenience of the customers, Indian Bank has taken a big decision. From March 1, 2020, the bank is going to make a major change related to 2000 rupee note. Customers will not get Rs 2,000 notes in ATMs very soon. Indian Bank has decided that it will not put Rs 2,000 notes in its ATMs. For this, the bank has also given information to all its branches.Keeping in mind the convenience of the customers, Indian Bank has taken a big decision. From March 1, 2020, the bank is going to make a major change related to 2000 rupee note. Customers will not get Rs 2,000 notes in ATMs very soon. Indian Bank has decided that it will not put Rs 2,000 notes in its ATMs. For this, the bank has also given information to all its branches.

Customers are not getting 2000 Note from ATMs

For this, the bank issued a circular on 17 February 2020 itself. In this context, Indian Bank has said that after withdrawing 2,000 rupee note, customers have difficulty in exchanging it at retail outlets and elsewhere. According to the bank's circular, cassettes holding Rs 2,000 notes at Indian Bank ATMs will be disabled from 1 March 2020 onwards. That is, it will not be available. Also, the bank has said that the number of cassettes of 200 rupee notes will be further increased in ATM machines for customers. However, Rs 2,000 notes will be available at the bank branch. That is, while withdrawing money from the bank, customers can be given Rs 2,000 notes. The bank has clearly said that customers are coming to the branch to exchange Rs 2,000 notes.

Only one Bank is going to Stop the 2000Rs Note

Keep in mind that this decision has been taken only by Indian Bank. Apart from Indian Bank, no government or private bank has decided to close Rs 2,000 notes in ATMs. In this regard, V Balasubramanian, president of Financial Software and Systems, the company that manages the ATM services of the country's banks, was quoted as saying that he had not been given any information in this regard. This decision of Indian Bank has been taken keeping in mind the convenience of the customers only. Recently, a message was becoming very fast on social media and YouTube that the Reserve Bank of India is going to close the two thousand rupee note soon. But a rebuttal was later issued by the RBI. The central bank issued a statement saying that these were all rumors. The bank has not issued any notification about this.