RBI decides to withdraw ₹2,000 note from circulation
The Hindu
The Reserve Bank of India (RBI), on May 19, decided to withdraw ₹2,000 note from circulation. The banknotes in ₹2,000 denomination will continue to be a legal tender.
The Reserve Bank of India (RBI), on May 19, decided to withdraw ₹2,000 note from circulation.
The banknotes in ₹2,000 denomination will continue to be a legal tender.
The RBI added that members of the public may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch. Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions.
Reserve Bank of India has advised banks to stop issuing ₹2000 denomination banknotes with immediate effect.
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