May 19, 2023, 10:20 PM IST
Reserve Bank of India (RBI) on Friday announced to withdraw the circulation of Rs 2,000 denomination banknotes.
This decision has been taken, keeping various reasons in consideration.
See here highlights of RBI's recent decision:
People can deposit or exchange the Rs 2,000 notes till September 30
Although the Rs 2,000 notes' circulation has been withdrawn but their legal tender will remain.
People can either deposit Rs 2,000 notes or they can exchange the Rs 2,000 denomination notes for other denomination notes.
People can excahnge or deposit Rs 2,000 note for an amount up to Rs 20,000 at once.