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The Rs 2000 note will remain legal tender but citizens have been asked to deposit or exchange these notes by 30 September. Analysts say this time the move is expected to be less disruptive as a lower value of notes is being withdrawn over a longer period of time
Rs 2000 Note News: RBI Issues Fresh Advisory For Banks - READ HERE, Personal Finance News, Times Now
RBI on Friday announced that it will withdraw Rs 2,000 notes from circulation
He also assured the citizens that no new mechanism has been implemented to collect the Rs 2,000 notes.
PM Modi was not in favour of Rs 2,000 notes coming into circulation but reluctantly agreed to it after he was told that there was a lack of capacity to print smaller currency, said his ex top aide.