RBI to withdraw Rs 2000 currency note from circulation; Banks to stop issuing Rs 2000 with immediate effect [Read RBI Guidelines]

RBI Issues recent circular The ₹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 withdrawal of legal tender status of all ₹500 and ₹1000 banknotes in circulation at that time. The objective of introducing […]