How To Change Rs 2,000 Notes? Know Limit, Process, Deadline, All Other Details
RBI has asked the banks to stop the circulation of Rs 2,000 denomination notes with immediate effect.
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RBI has asked the banks to stop the circulation of Rs 2,000 denomination notes with immediate effect.
The RBI has said that the Rs 2,000 note will be legal tender till September 30, 2023.
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?
The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.
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)"