No more Rs 2000 banknotes: Here's what RBI said

May 19, 2023 Rajeev Kumar

Soon, you will not see Rs 2000 notes! Read on to know what the RBI has said.

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The circulation of Rs 2000 denomination notes had already dropped in last 5 years.

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No fresh Rs 2000 notes have been printed from 2018-19 onwards, according to Govt.

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Meanwhile, the share of Rs 500 notes had increased to 73.3% from 29.7% between 2020 and 2022.

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RBI on May 19, 2023 said Rs 2000 banknotes will be withdrawn from circulation. But these notes will continue to remain Legal Tender

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Public can exchange their Rs 2000 notes in a bank from May 23 to September 30, 2023. For exchange, these is a daily limit of Rs 20000.

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Public can also deposit Rs 2000 notes in their bank accounts and there is no limit on the amount that can be deposited.

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