• Approximately 89% of the Rs 2,000 denomination banknotes were issued prior to March 2017 and have reached the end of their estimated life-span of 4-5 years.
However, RBI said bank notes of Rs 2,000 denomination will continue to be legal tender
Exchange of notes into banknotes of other denominations can be made up to a limit of Rs 20,000 starting from May 23, 2023
will be available at all banks until September 30, 2023
RBI explained the rationale behind the move being banknotes...
MEMBERS OF THE PUBLIC CAN CONTINUE TO USE RS 2,000 BANKNOTES FOR THEIR TRANSACTIONS AND ALSO RECEIVE THEM IN PAYMENT. HOWEVER, THEY ARE
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RBI #2000 NOTES BAN