RBI to withdraw Rs 2,000 notes from circulation: All you need to know
FirstpostThe public can deposit Rs 2,000 notes into their bank accounts or exchange them for notes of other denominations at any bank branch from 23 May RBI will withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender till 30 September 2023. Here’s everything that you need to know as per the RBI statement: The public can deposit Rs 2,000 notes into their bank accounts or exchange them for notes of other denominations at any bank branch. To avoid disruption of regular activities of bank branches, the exchange of Rs 2,000 notes into notes of other denominations can be made up to a limit of Rs 20,000 at a time at any bank starting from 23 May 2023 To finish the exercise in a timely manner and to provide enough time to the public, all banks shall provide a deposit and/or exchange facility for Rs 2,000 banknotes until 30 September 2023. https://t.co/yLWWpyuahL pic.twitter.com/kPTMqlm1XD — ANI May 19, 2023 The RBI started printing Rs 2,000 notes in November 2016 after Prime Minister Narendra Modi announced the demonetisation and withdrew the legal tender status of all Rs 500 and Rs 1,000 bank notes that were in circulation at that time.