The Reserve Bank of India (RBI) has directed banks to stop issuing Rs 2,000 denomination banknotes with immediate effect. The announcement was made on Friday through a circular where the RBI decided to withdraw Rs 2,000 denomination banknotes from circulation. Stay on this blog for live updates.
The RBI has asked banks to provide deposit and/or exchange facility for Rs 2,000 notes until September 30, 2023.
Additionally, the RBI's 19 Regional Offices (ROs) with Issue Departments will also serve as exchange points until the end of September.
2000 Rs Note Withdrawal HIGHLIGHTS: Note ban has come full circle, Rs 1000 note might be reintroduced, says P Chidambara
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