20 MAY ,2023.
20-05-2023
By Admin
RBI to pull out ₹2,000 notes from active circulation(PG 1 ,12)(GS 3)
20 MAY ,2023.
•The Reserve Bank of India (RBI) on Friday decided to withdraw ₹2,000 denomination banknotes from circulation in pursuance of its “Clean Note Policy”.
•However, the ₹2,000 notes will continue to be legal tender. A similar withdrawal of notes from circulation was undertaken in 20132014. As in the days after demonetization, the decision to withdraw ₹2,000 notes is also likely to strain the system besides creating anxiety and inconvenience to the public.
The central bank has advised the public to deposit ₹2,000 notes into their bank accounts and/or exchange them into banknotes of other denominations at any branch