Why RBI is withdrawing Rs 2,000 notes from circulation?

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22 May 2023

Why RBI is withdrawing Rs 2,000 notes from circulation?

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.

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22 May 2023

Why RBI is withdrawing Rs 2,000 notes from circulation?

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