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Earlier this year, the govt announced withdrawal of Rs 2000 bank notes from circulation after which people rushed to exchange the currency. The last date for exchange is over but do you still have the high-denomination currency? Know how you can exchange it.. - Rs 2000 Notes Still With You? Know Here How To Exchange High-Denomination Currency
The Rs 2,000 notes shall continue to be legal tender even after October 7, but can be exchanged only at RBI offices, the central bank said.
RBI’s move to withdraw Rs 2,000 notes from circulation is going to increase liquidity in the banking sector, particularly in PSU banks as most of the Rs 2,000 notes are expected from tier-2 and tier-3 cities. Watch this Visual Story to see which PSU bank stocks to buy.
RBI Governor Shaktikanta Das on Monday explained the reasons Rs 2,000 note withdrawal. He also clarified Rs 2,000 notes exchange, deposit deadline, rules and limits.