NOTE BANNED

2000 RUPEES

The move aims to streamline the currency system and reduce the availability of large-value notes in the market.

The RBI's decision may lead to an increase in the circulation and usage of lower denomination notes.

2000 NOTE BANNED NEWS

Banks and financial institutions will continue to accept and exchange the notes even after their withdrawal.

Existing Rs 2,000 notes will remain valid and can be used for transactions until they are phased out of circulation.

Bank note

1. The withdrawal of Rs 2,000 notes is expected to facilitate better control over the circulation of high-denomination currency.

The RBI's decision aligns with the government's efforts to promote a cashless economy.