Rs 2000 Currency Notes To Be Withdrawn! RBI Asks Banks Not To Issue Rs 2000 Banknotes With Immediate Effect, Currency Continues To Be Legal Tender
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. The notes will continue to be legal tender till September 30, says the Reserve Bank of India. The apex bank has said that the exchange of Rs 2,000 banknotes into banknotes of other denominations can be made upto a limit of Rs 20,000 at a time at any bank starting from May 23, 2023. The RBI has instructed all banks to provide deposit and/or exchange facilities for Rs 2,000 banknotes until September 30, 2023.
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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. https://t.co/yLWWpyuahL pic.twitter.com/kPTMqlm1XD
— ANI (@ANI) May 19, 2023
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