Rs 2000 Note Exchange: Check Bank Holiday List Before Visiting Your Bank

The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2000 denomination banknotes from circulation as part of its "Clean Note Policy." However, these notes will continue to be legal tender. The RBI said that starting from May 23, 2023, individuals can exchange Rs 2000 banknotes for other denominations up to a limit of Rs 20,000 at a time at any bank to ensure operational convenience and avoid disruption of regular banking activities.

If you are planning to visit a bank to exchange your Rs 2000 banknote, it is crucial to be aware of the list of bank holidays when the banks will remain closed. This report provides an overview of the scheduled bank holidays during which banks will not be operational, ensuring that individuals seeking to exchange their Rs 2000 banknotes can plan their visit accordingly.

The RBI regulates most functions of banks and determines their schedules and holidays for the whole year. Both public sector banks and private sector banks do not work on Sundays and on the second and fourth Saturdays of each month, according to RBI guidelines.

Bank holidays in India consist of mandatory holidays set by the banking sector and additional holidays for festivals and special occasions authorised by different states.

Here is the complete list of Bank Holidays in 2023:

For those planning to exchange Rs 2000 banknotes starting from May 23 till September 30, 2023, as per RBI's guideline. Here is the full list of region-wise bank holidays in the next 4 months. 

May 2023

June 2023

July 2023

August 2023

September 2023

If you plan to visit a bank in India for the purpose of exchanging your Rs 2000 banknote, it is essential to check the list of bank holidays and closure dates provided by the Reserve Bank of India (RBI). By being aware of these holidays, you can ensure that your visit aligns with the operational hours of the bank, thereby avoiding any inconvenience. Stay informed and plan your visit accordingly to facilitate a smooth exchange process.