The Reserve Bank of India has taken a big decision on the biggest currency note of 2000 rupees. According to the Reserve Bank, the Rs 2000 note will remain legal tender, but it will be taken out of circulation. The Reserve Bank of India has advised the country’s banks to stop issuing 2000 rupee notes with immediate effect. The Reserve Bank has taken this decision under the ‘Clean Note Policy’. 2000 rupee notes can be deposited in the bank till 30 September 2023.
According to the Reserve Bank, from May 23, 2023, notes of 2000 rupees can be exchanged for notes of other denominations at a time in any bank. Note exchange limit is Rs 20,000.
After the demonetization of the Reserve Bank in the year 2016, the Reserve Bank had issued a note of 2000 rupees. For the last few months, 2000 rupee notes were less visible in the market. People said that even 2000 rupee notes are not coming out from ATMs. In this regard, the government had also given information in the Parliament.