Tax Consultant & Financial Advisor

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06/07/2024

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RBI to withdraw 2,000-rupee banknotes from circulation-- The Reserve Bank of India said 2,000-rupee banknotes will be wi...
19/05/2023

RBI to withdraw 2,000-rupee banknotes from circulation

-- The Reserve Bank of India said 2,000-rupee banknotes will be withdrawn from circulation as they constituted only 10.8 percent of notes in circulation as on March 31, 2023.

-- Further, the note is not commonly used for transactions.

-- The RBI has, however, said that banknotes of the 2,000-rupee denomination will continue to be legal tender.

-- RBI said it has advised banks to stop issuing 2,000-rupee notes “with immediate effect”.

-- However, the Central Bank said people can approach bank branches to deposit or exchange the 2,000-rupee bank notes held by them. This facility will be available till September 30, 2023.

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Due Date Calendar for September
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