Quick Summary
Rs.2000 Denomination Banknotes Withdrawal from Circulation; Will continue as Legal Tender The Rs.2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy in an expeditious manner after the withdra
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FAQ :
The Rs 2000 notes were introduced to meet currency needs after the withdrawal of Rs 500 and Rs 1000 notes in 2016. Their objective has been met, and they are not commonly used for transactions. Most of these notes are also nearing the end of their estimated lifespan.
Yes, Rs 2000 denomination banknotes will continue to be legal tender.
You can deposit your Rs 2000 banknotes into your bank account or exchange them for other denominations at any bank branch.
Yes, you can exchange Rs 2000 banknotes for other denominations up to a limit of Rs 20,000 at a time at any bank.
You can deposit or exchange Rs 2000 banknotes until September 30, 2023.
Yes, the facility to exchange Rs 2000 banknotes up to a limit of Rs 20,000 at a time will also be available at the 19 Regional Offices of the RBI from May 23, 2023.
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