The Reserve Bank of India will withdraw Rs 2,000 currency notes from circulation. The notes will continue to be legal tender till September 30, read an RBI statement.
The RBI has asked banks to provide deposit and/or exchange facilities for Rs 2,000 notes until September 30, 2023. RBI has asked banks to stop issuing Rs 2,000 notes with immediate effect.
Exchange facility for Rs 2,000 bank notes up to Rs 20,000 at a time would be available from May 23, said the RBI statement.
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