RBI announces withdrawal of Rs 2000 note from circulation

RBI announces withdrawal of Rs 2000 note from circulation

Daily Current Affairs / RBI announces withdrawal of Rs 2000 note from circulation

Change Language English Hindi

Category : Business and economics Published on: May 22 2023

Share on facebook

The Reserve Bank of India (RBI) has announced the withdrawal of Rs 2000 banknotes from circulation, although these notes will continue to be legal tender, according to a statement released by the central bank.
The RBI has also advised banks to cease issuing the Rs 2000 denomination banknotes immediately.
This decision is in line with the RBI's "Clean Note Policy" and follows a similar withdrawal of notes in 2013-2014.
Individuals can deposit their Rs 2000 banknotes into their bank accounts or exchange them for banknotes of other denominations at any bank branch.
Banks are instructed to offer deposit and/or exchange facilities for Rs 2000 banknotes until September 30, 2023, allowing sufficient time for the public to complete the necessary transactions.

Recent Post's

Air Marshal Manish Khanna takes over command of Southern Air Command.
Read More....
Ukraine carries out its longest-range drone strike, damaging 40+ Russian aircraft.
Read More....
D Gukesh scores first classical win over Magnus Carlsen at Norway Chess 2025.
Read More....
Government issues guidelines to boost electric car manufacturing in India.
Read More....
Kabaddi star Pardeep Narwal retires at 28 after going unsold in PKL auction.
Read More....
Glenn Maxwell retires from ODIs to focus on 2026 T20 World Cup.
Read More....
India finishes second with 24 medals at 2025 Asian Athletics Championships.
Read More....
India to build its first Polar Research Vessel with Norway's Kongsberg.
Read More....
Srihari Nataraj clocks fastest-ever Indian time in 200m freestyle at Singapore Nationals.
Read More....
Mohammadreza Shadloui fetches ₹2.23 crore in PKL 12, sets auction record.
Read More....