Big decision of RBI, new note of two thousand rupees will be out of circulation, will be able to change the note till 30 September
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The Reserve Bank of India cited the rationale behind the move as “adequate availability of bank notes of other denominations”. The Reserve Bank of India has advised banks to stop issuing banknotes in the denomination of Rs 2,000 with immediate effect, although the banknotes in the denomination of Rs 2,000 will continue to be legal tender.
Reserve Bank of India has taken a big decision today. The Reserve Bank of India has withdrawn the 2000 rupee note from circulation. However, this note will continue to be legal tender. Let us tell you that when Prime Minister Narendra Modi announced demonetization in India at 8:00 pm on 8 November 2016 and 500 and 1000 notes were made illegal, after that the 2000 note came into circulation. However, now it has been withdrawn by RBI. But it will still remain legal tender.
The Reserve Bank of India cited the rationale behind the move as “adequate availability of bank notes of other denominations”. The Reserve Bank of India has advised banks to stop issuing banknotes in the denomination of Rs 2,000 with immediate effect, although the banknotes in the denomination of Rs 2,000 will continue to be legal tender. From May 23, Rs 2,000 notes up to Rs 20,000 denomination can be exchanged in banks in one go. RBI asks banks to stop issuing Rs 2,000 notes with immediate effect. Along with this, RBI has asked banks to provide facility of depositing and exchanging Rs 2,000 notes till September 30, 2023.
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