On 19 May, RBI decided to withdraw the circulation of 2000 rupees note 

The same incident happen on 8 November 2016 when Government of India announced to demonetized Rs 500 and Rs 1000 notes

Government also announced the new Rs 500 and Rs 2000 notes on that day, in exchange of old notes

1. 2000 notes is not commonly used by the public 2. The other notes is enough to meet the requirements

Why RBI banned Rs 2000

3. Clean Note Policy - a policy that ensure good quality notes for public

This is not like 2016 demonetization where Rs500 and Rs 1000 notes were banned. The Rs 2000 notes will continue to be legal tender.

The RBI said that people can exchange or deposit their Rs 2000 note till Sept 30 upto Rs 20,000 at a time

Exchange Process

To watch the latest financial

information related web

 stories do checkout 

our stories page