RBI withdraws 2000 Rupee Denomination Banknotes from Circulation; Will Continue As Legal Tender

It has been decided to withdraw the 2000 rupees denomination Banknotes from circulation

The Banknotes In 2000 Rupees Denomination will continue to be Legal Tender; only fresh issue stopped.

Banks may exchange 2000 Rupees Banknotes upto a limit of 20,000 Rupees at a time

Reason stated is 2000 Rupee notes not commonly used for transactions; Other Currency denominations adequate to meet Currency needs of public

All Banks shall provide Deposit and/or Exchange facility for 2000 Rupee banknotes until September 30, 2023

No restrictions on deposit of 2000 Rupees notes into Bank Accounts

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