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The RBI has advised members of the public to deposit Rs 2,000 banknotes into their bank accounts or exchange them for banknotes of other denominations at any bank branch.
The banknotes in Rs 2,000 denomination will continue to be legal tender, the RBi said in a release.
The banknotes in Rs 2,000 denomination will continue to be legal tender till September 30, 2023; Here's What You Need To Do Now
The Reserve Bank of India (RBI) has announced that Rs 2000 banknotes will be withdrawn from circulation as part of its \"Clean Note Policy\", but will remain legal tender. Banks have been advised to stop issuing the notes, and individuals can exchange them for other denominations at bank branches until September 30, 2023. The exchange of Rs 2000 banknotes will be capped at Rs 20,000 at a time starting from May 23, 2023. The initiative aims to streamline currency circulation and promote other denominations., Economy News, Times Now
The Reserve Bank of India (RBI) has instructed banks to halt the issuance of Rs 2000 denomination banknotes with immediate effect, although these banknotes will continue to be accepted as legal tender.