What should I do with my Rs 2000 note? Know the answer to every question arising in your mind

What decision has RBI taken?
RBI has decided not to print more 2000 rupee bank notes. These notes were introduced in November 2016 after demonetisation. These will be swiftly withdrawn from the system. The central bank believes that the purpose of printing these notes has been fulfilled.

I have 2000 rupee note, what should I do?
If you have bank notes of 2000 rupees, then you do not need to panic at all. You can change them as per your convenience. RBI has given enough time for this.

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Will the 2000 rupee note work now or not?
2000 rupee note is absolutely legal. It will run in the system now. But, hardly anyone would want to take it in transaction now. The reason is that he too will have to get them replaced. People can avoid taking them to avoid hassle.

Where do I get 2000 rupee notes exchanged?
RBI has told that 2000 rupees bank note can be changed in any bank. That is, if your account is in the State of India (SBI) and there is a Punjab National Bank near your home, then you can also go to PNB and get the 2000 rupee note changed. In other words, there will be no need to go to any specific bank to exchange the notes. These can be changed by visiting any bank.

From when can I exchange my Rs 2000 notes?
Banks will start the work of exchanging 2000 rupee notes from 23 May 2023. To avoid any inconvenience, these notes can be exchanged anytime during the working hours of the bank.

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How many 2000 rupee notes can I exchange at a time?
To ensure that the normal functioning of the bank is not disturbed, a limit of Rs 20,000 has been fixed at one go. That is, from May 23, 2023, you can exchange Rs 2000 notes up to Rs 20,000 at a time.

Till when can I get my Rs 2000 note exchanged?
You will have enough time to exchange your Rs 2000 note. Therefore, there is no need to be in any kind of haste. RBI has told that 2000 rupee notes can be exchanged till 30 September 2023. That is, there will be time from May 23 to September to exchange these notes.

Is it demonetisation?
No. This is not demonetisation at all. 2000 rupee notes will remain fully valid. They are not being closed. However, a refund is being done to remove it from the system. RBI feels that the purpose for which they were printed has now been fulfilled.