RBI Withdraws ₹2000 Banknotes: What You Need to Know

By Jaano India By Jaano India

1. RBI has decided to withdraw the ₹2000 denomination banknotes from circulation.

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2. The ₹2000 banknotes will continue to remain legal tender despite their withdrawal from circulation.

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3. Banks have been advised to stop issuing ₹2000 banknotes immediately.

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4. The ₹2000 denomination banknote was introduced in Nov 2016 to meet the currency requirement after the demonetization of ₹500 and ₹1000 banknotes.

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5. The objective of introducing ₹2000 banknotes has been fulfilled with the availability of other denominations in adequate quantities.

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6. Printing of ₹2000 banknotes was stopped in 2018-19, and the majority of these banknotes are nearing the end of their estimated life-span.

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Join our whatsapp group for more update on 2000 note;

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7. The stock of banknotes in other denominations is sufficient to meet the currency requirement of the public.

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