The Reserve Bank of India (RBI) on Friday, May 19, announced that it has decided to withdraw the Rs 2,000 currency notes from circulation. The central bank asked all to deposit the Rs 2,000 banknotes into their accounts or exchange them for banknotes of other denominations at any bank branch by September 30, 2023. Deposit into bank accounts can be made in the usual manner, without any restriction. The exchange facility for Rs 2,000 currency notes will start from May 23, 2023, the RBI said.
Do keep in mind that the existing Rs 2,000 denomination banknotes will continue to be legal tender.
Now what should you do with your old Rs 2,000 note? Do you have to pay any extra fee to exchange your current Rs 2,000 note? RBI answered all your queries.Read More