Your questions on Rs 2,000 note answered as RBI declares to withdraw it from circulation
The Reserve Bank of India (RBI) on Friday, May 19, announced that it has decided to withdraw the Rs 2,000 denomination bank notes from circulation. However, the apex bank said that the existing Rs 2,000 denomination bank notes will continue to be legal tender.
In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, the exchange of Rs 2,000 notes into notes of other denominations can be made up to a limit of Rs 20,000 at a time at any bank starting from May 23, 2023, the central bank noted.
Here are all the details and clarifications from the RBI.