RBI to withdraw Rs 2,000 notes from circulation

What you need to know about the ₹2000 note withdrawal from circulation

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Under "Clean Note Policy," a decision has been made to remove the ₹2000 denomination banknotes.

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Does the legal tender status of ₹2000 banknotes remain? Indeed, the ₹2000 banknote will retain its legal tender status.

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Can ₹2000 banknotes be used for normal transactions? Yes, Individuals are advised to deposit and/or exchange these banknotes on or before September 30, 2023.

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The facility for deposit into accounts and exchange for ₹2000 banknotes will be available at all banks until September 30, 2023.

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Is there an operational limit on the amount of ₹2000 banknotes that can be exchanged? Yes, upto to a limit of ₹20,000/- at a time.

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The bank branches or ROs of RBI from May 23, 2023 for availing exchange facility.

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Is there any fee to be paid for the exchange facility? No. The exchange facility shall be provided free of cost.

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Credit: All images Google

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