RBI withdraws Rs 2,000 notes from circulation

 RBI withdraws Rs 2,000 notes from circulation, consumers can exchange till 30 September The Reserve Bank of India (RBI) Friday decided to withdraw Rs 2,000 notes from circulation. However, the banknotes would continue to be legal tender, the bank noted. In an official notification dated 19 May, the bank clarified that consumers can deposit Rs 2,000 notes in their bank accounts and/or exchange them into banknotes of other denominations at any branch without restriction. The exchange of Rs 2,000 notes can be made up to a limit of Rs 20,000 from 23 May till 30 September. The central bank has also issued separate guidelines to banks regarding the exchange of Rs 2,000 notes in a time-bound manner. The facility for exchange has also been provided at RBI regional offices that have issue departments. [Read more]( If you would prefer not receiving our emails, please [Click Here](