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2000 note exchange: Deadline ends in 3 days: On May 19th the Reserve Bank of India ordered the withdrawal of Rs 2000 rupee notes and asked the people to deposit the notes in the bank before September 30th.
The central bank last Friday announced the withdrawal of Rs 2,000 notes, the highest denomination in circulation, but said the currency will remain a legal tender.
The Rs 2,000 currency note was introduced in November 2016, when Rs 500 and Rs 1,000 notes were withdrawn.
However, it should be noted that Rs 2000 notes will remain legal tender. Banks have been directed to provide deposit and/or exchange facilities for Rs 2000 notes until September 30, 2023, to allow sufficient time for the public to complete the process.