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Withdrawing notes of 2k

The Indian government's central bank, the Reserve Bank of India, has decided to stop issuing Rs 2,000 banknotes.

Valid till September

The central bank, however, has stated that the currency notes are valid until September 30,2023.

Will continue to be legal tender

These notes will still act as legal tender in the Indian economy.

Cease of issuing

The RBI has also requested that banks immediately cease issuing Rs 2,000 notes. According to RBI's statement, the move was made in light of the central bank's "Clean Note Policy."

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When did 2k not come into circulation?

To quickly replenish the economy's cash supply after withdrawing all 500 and 1000 banknotes from circulation, the 2000 denomination banknote was created in November 2016 under Section 24(1) of the RBI Act, 1934.

When did its printing stop?

RBI has clearly stated that the printing of 2k note was stopped in 2018-19. This was done to follow the Clean Note Policy.

Words from officials sources

According to ANI, which cited "sources," this is a standard RBI operation. Therefore, no one should worry.

Grateful for your time!

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