Rs 2000 Notes to be Out of Circulation by September 2023

The RBI has assured the public that they can exchange their Rs 2000 notes at any bank or RBI office without any hassle.

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The Rs 2000 notes will continue to be legal tender until September 30, 2023.

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After September 30, 2023, the Rs 2000 notes will no longer be legal tender and will not be accepted as a mode of payment.

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The RBI has asked banks to provide deposit and/or exchange facility for Rs 2000 notes until September 30, 2023.

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The RBI has also advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect.

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The objective of introducing Rs 2000 banknotes was to curb black money and counterfeit currency.

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The RBI has also said that the withdrawal of Rs 2000 notes will not have any adverse impact on the economy.

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The RBI has assured the public that they can exchange their Rs 2000 notes at any bank or RBI office without any hassle.

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The RBI has also said that it will be issuing new banknotes in other denominations to meet the demand for currency.

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What does the RBI's decision to ban the 2000 rupee note mean for you?

[{"selector":"#anim-ff7cee3e-6345-451c-92c8-8962a407f53e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-710c01d7-4112-4343-b628-9aec5a735648","keyframes":{"transform":["translate3d(-117.76316%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Find out here!