10 Key Points You Must Know As Rs 2000 Notes To Be Withdrawn

Varun Yadav
May 19, 2023

RBI Circular

RBI in a circular on Friday announced that it will withdraw the circulation of Rs 2000 bank notes.

Will Remain Legal Tender?

Rs 2000 Notes will remain legal tender.

Banks Will Exchange Rs 2000 Notes

Customers can exchange their Rs 2000 notes from other valuation notes from May 23, 2023 in banks.

Exchange Will Start From May 23

RBI requested banks to open deposit and exchange facility for Rs 2000 notes from May 23.

Last Date To Exchange

The last date to exchange Rs 2,000 notes is September 30th.

Exchange Upto Rs 20,000 At One Go

A total of Rs 20,000 will be available to exchange in one go at a time.

Introduces After Demonetisation

RBI introduced Rs 2000 notes in 2016 after demonetization.

Reduce Rs 2000 Notes' Circulation Gradually

Thereafter, RBI has reduced the circulation of Rs 2000 notes gradually.

End Printing Notes

RBI stopped printing of Rs 2000 notes in 2018-19.

Sept 30 Deadline

In the latest circular, RBI announced to end Rs 2000 bank notes by September 30 deadline.

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