Confusion prevails among 25,000 co-operative credit society banks in Maharashtra regarding the acceptance of Rs 2,000 notes. Many of these banks have been refusing to accept the currency, while some have even issued circulars flatly denying the acceptance of Rs 2,000 notes.

Dnyandeep Co-operative Credit Society Limited, based in Kandivali, has even issued a circular instructing its customers not to accept Rs 2,000 notes and advising them to deposit the currency in national banks only. When mid-day reporters visited various co-operative credit societies and small finance banks, they found that many of them were not exchanging or depositing the currency due to a lack of information.