This decision aligns with the instructions issued by the Reserve Bank of India on May 19, 2023.
The Reserve Bank of India has declared the withdrawal of Rs. 2000 denomination banknotes from circulation, emphasizing that these notes will still be considered legal tender.
To facilitate a smooth transition, the RBI has provided a four-month window for this process and has ensured that the public has ample time to make necessary arrangements.
The facility for depositing and exchanging Rs. 2000 banknotes will be available until September 30, 2023.