Big decision: Rs 2000 note will be out of circulation, know every update here

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If you also have a note of two thousand, then this news is useful for you. Yes… The Reserve Bank will withdraw the Rs 2000 note from circulation, but it will remain legal tender. RBI statement has said in its statement that the Reserve Bank will withdraw the Rs 2,000 note from circulation. These notes will remain legal tender till September 30.

Reserve Bank of India has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect though banknotes in Rs 2000 denomination will continue to be legal tender. pic.twitter.com/kPTMqlm1XD

— ANI (@ANI) May 19, 2023

note giving stopped with immediate effect

RBI has issued a statement in this regard, in which RBI has asked banks to provide facility to deposit and exchange Rs 2,000 notes by September 30, 2023. RBI has asked banks to stop issuing Rs 2,000 notes with immediate effect.

Notes can be changed at once

RBI said in its statement that from May 23, notes of Rs 2,000 up to Rs 20,000 can be exchanged in banks in one go.

When was the 2000 rupee note issued

Let us tell you that after the announcement of Prime Minister Narendra Modi on November 8, 2016, all the notes of 500 and 1000 rupees were taken out of circulation. In place of these currencies, the Reserve Bank did the work of issuing new notes of 500 and 2000 rupees. The Reserve Bank believed that the Rs 2000 note would easily compensate for the value of those notes, which had been taken out of circulation.

What information was given in the Lok Sabha

Let us discuss here that in 2021, Union Minister Anurag Thakur had informed in the Lok Sabha that not a single note of Rs 2000 has been printed for the last two years.

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