Page 13 - 2000 Notes News Today

Almost seven years after Rs 1,000 and Rs 500 notes were discontinued and new notes were introduced, RBI has decided to remove the Rs 2000 currency notes from circulation.

Those who have the notes can continue to use them as legal tender for day to day expenses.

The central bank asked people to exchange or deposit them in their accounts by September 30.

Rs 2000 Note Ban, RBI withdraws Rs 2,000 note LIVE Updates: The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender. In a statement, the RBI said: "The 2,000 denomination banknote was introduced in November 2016 primarily to meet the currency requirements of the economy in an expeditious manner after the withdrawal of legal tender status of all 500 and 1,000 banknotes in circulation at that...

"Thanks to the arrival of digital payments and especially UPI in the past six years, a wide majority may not have even a single Rs 2,000 note at home. Given an over four-month window, there is no urgency to exchange or deposit it," an official said

If the RBI itself will stop exchanging the Rs 2000 note, will it still be legal tender in practical terms from October 1st onwards? Can one still use it for buying goods and services? Can people refuse to accept it?

RBI has announced to wtihdraw Rs 2000 denomination notes from circulation. It has requested banks to exchange/ deposit Rs 2000 notes from May 23, 2023. 

Senior Congress MP Jairam Ramesh, while taking a veiled dig at Prime Minister Narendra Modi, said, “Typical of our self-styled Vishwaguru. First Act, Second Think (FAST)"

BJP MP Sushil Kumar Modi said that RBI stopped printing the 2,000 rupee currency notes 3 years back

The RTI reply received from the Bharatiya Reserve Bank Note Mudran (P) Ltd revealed said that 0 number of Rs 2,000 denomination currency note was printed in 2019-20, 2020-21 and 2021-22.