RBI to Withdraw Rs 2,000 Notes From Circulation; Will Continue As Legal Tender Till Sept 30
RBI 2000 Note Ban: The RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect
Source: news18.com
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RBI 2000 Note Ban: The RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect
"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
The RBI has said that the Rs 2,000 note will be legal tender till September 30, 2023.