The Reserve Bank of India took a big decision on Friday on the biggest currency note of 2000 rupees. RBI announced the withdrawal of Rs 2000 note issued after the demonetisation of 2016, after which many questions started arising in the minds of the people. However, the 2000 notes present in the market will remain in circulation for the time being. Banks of the country have been advised by the Reserve Bank of India to stop issuing new Rs 2000 notes to customers. You also know about the main point included in this announcement
- Two thousand rupee note will remain legal tender till 30 September.
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People can deposit the Rs 2,000 note in their bank accounts or take notes of other denominations by visiting banks and 19 regional offices of the RBI.
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Two thousand notes can be deposited in bank accounts without any hindrance. However, this is subject to meeting Know Your Customer (KYC) norms.
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People can exchange Rs 2,000 notes up to a maximum value of Rs 20,000 in a day from May 23.
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Bank account holders can exchange Rs 2,000 notes up to Rs 4,000 through bank representatives.
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In November 2016, a two thousand rupee note was issued after the old 500 and 1,000 rupee notes were removed from circulation.
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Unlike demonetisation in November 2016, Rs 2,000 note will remain legal tender till September 30.
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It was being said that the two thousand rupee note was allegedly being used to accumulate black money and convert black money into white. In view of this, it was decided to remove the Rs 2,000 note from circulation.
Big decision: Rs 2,000 note will be out of circulation, know what to do now
9. RBI had stopped printing Rs 2,000 notes from the financial year 2018-19.
10. About 89 percent of the two thousand rupee notes were issued before March 2017.
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In March 2018, the share of two thousand rupee notes in the total notes in circulation was 37.3 percent, which decreased to 10.8 percent on March 31, 2023. In terms of value, in March 2018, notes worth Rs 6.73 lakh crore were of Rs 2,000, while on March 31, 2023, their value remained Rs 3.62 lakh crore.
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