How to exchange your old 2000 rupee notes | Why did the RBI withdraw the 2000 rupee

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HOW TO EXCHANGE 2000 RUPEE NOTES AFTER RBI BANS IT
The Reserve Bank of India on Friday, May 19, declared that it has chosen to pull out the Rs 2,000 cash notes from dissemination. The national bank requested that all store the Rs 2,000 banknotes into their records or trade them for banknotes of different denominations at any bank office by September 30, 2023. Store into bank records can be made in the standard way, with next to no limitation. The trade office for Rs 2,000 money notes will begin from May 23, 2023, the RBI said. Do remember that the current Rs 2,000 denomination bank notes will keep on being legitimate delicate.


FOR WHAT REASON ARE RS 2000 DENOMINATION BANKNOTES BEING REMOVED?
The ₹2000 denomination banknote was presented in November 2016 under Area 24(1) of RBI Act, 1934 essentially with the goal to meet the money necessity of the economy in a quick way after withdrawal of the lawful delicate status of all ₹500 and ₹1000 banknotes available for use around then. With satisfaction of that goal and accessibility of banknotes in different denominations in satisfactory amounts, printing of ₹2000 banknotes was halted in 2018-19. A greater part of the ₹2000 denomination notes were given before Walk 2017 and are toward the finish of their assessed life-range of 4-5 years. It has likewise been seen that this denomination isn’t generally utilized for exchanges. Further, the supply of banknotes in different denominations keep on being sufficient to meet the money necessity of the general population.

Considering the abovementioned, and in compatibility of the “Perfect Note Strategy” of the Reserve Bank of India, it has been chosen to pull out the ₹2000 denomination banknotes from dissemination.


To guarantee functional comfort and to stay away from interruption of standard exercises of bank offices, trade of ₹ 2,000 banknotes into banknotes of different denominations can be made up to a furthest reaches of ₹ 20,000 all at once at any bank beginning from May 23, 2023

2. WHAT IS SPOTLESS NOTE STRATEGY?
It is a strategy taken on by RBI to guarantee accessibility of good quality banknotes to the individuals from public.

3. DOES THE LAWFUL DELICATE STATUS OF ₹2000 BANKNOTES REMAIN?
Indeed. The ₹2000 banknote will keep on keeping up with its lawful delicate status.


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