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According to the Reserve Bank of India's "clean note policy", the highest denomination currency note in India - Rs 2,000 note, will lose its status as legal tender after September 30, 2023.
E-commerce giant Amazon will stop accepting Rs.2,000 banknotes on cash on delivery services from September 19. The update comes at a time when the deadline to exchange or deposit the Rs.2,000 note is inching closer.
Consequently, Rs 2,000 banknotes in circulation at the close of business on August 31 stood at Rs 0.24 lakh crore in terms of value.
India Business News: NEW DELHI: The Reserve bank of India on Friday said that about 93% of Rs 2000 currency notes have been returned to the banks.
'The total value of Rs 2,000 banknotes received back from circulation is Rs 3.32 lakh crore,' says RBI