RBI to withdraw Rs 2000 notes from circulation
The RBI has said that the Rs 2,000 note will be legal tender till September 30, 2023.
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The RBI has said that the Rs 2,000 note will be legal tender till September 30, 2023.
RBI did not specify a limit for depositing Rs 2,000 notes in bank accounts. Exchange of a maximum of Rs 20,000 (10 notes of Rs 2,000) for other currency notes will be allowed at a time.
As per Annual Reports of the Reserve Bank of India (RBI), the total value of Rs 500 and Rs 2,000 denomination bank notes in circulation as at end-March 2017 and as at March-end 2022 was Rs 9.512 lakh crore and Rs 27.057 lakh crore.
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