2000 Rupees Note Ban: If you also have two thousand notes, then do this work first, know the answer to every question

2000 Rs Note Ban by RBI: The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2000 notes from circulation. If you also have 2000 rupee notes, then you can exchange them by taking them to the bank.

Fri, 19 May 2023 08:18 PM (IST)
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2000 Rupees Note Ban: If you also have two thousand notes, then do this work first, know the answer to every question

Taking an important decision on Friday, the Reserve Bank of India (RBI) has decided to withdraw Rs 2000 notes. That means now 2000 notes will not be in circulation. The Reserve Bank of India has advised banks to stop issuing Rs 2,000 notes to customers with immediate effect. According to the information, RBI has taken this big decision under the Clean Note Policy.
You will also have many questions in your mind for which you need answers. What should you do if you have 2000 rupee notes? According to the new decision of the Reserve Bank of India, these notes will no longer be in circulation. After 30 September 2023, these notes will not be issued from the bank.
You don't need to panic now. 2000 note has not been discontinued. These notes have just been taken out of circulation. That is, these notes will be gradually phased out. If you also have 2000 notes then you do not have to worry much. You can return these notes back to the bank.
Bank will give you a new note in exchange for a 2000 note. Let us tell you, taking a big decision, in November 2016, along with the announcement of demonetization, the RBI issued a note of Rs 2,000. After 8 years, now this note is being closed. You can exchange only a maximum of 20 thousand rupees note from the bank at a time.
If you have a note of 2000 thousand rupees, then by 30 September 2023, you will be able to exchange it for 2000 rupee notes by going to any bank branch. From next week, May 23, 2000, thousand rupee notes can be exchanged or deposited in any bank.
You will remember that RBI issued these notes in November 2016 under section 24(1) of the RBI Act 1934. This decision was taken so that at that time the notes of 500 and 1000 rupees were removed from circulation. In the year 2016, during the demonetization, the government banned the notes of 500 and 1000 rupees.

Muskan Kumawat Journalist & Writer