RBI withdraws Rs 2000 note from circulation, to remain legal tender; exchange facility available till Sept 30

Mumbai (Maharashtra) [India], May 19 (ANI): The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.

It has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect.

Meanwhile, RBI said that citizens will continue to be able to deposit Rs 2000 banknotes into their bank accounts and/or exchange them into