How to exchange your Rs 2,000 notes? Everything you need to know
Rs 2000 notes Exchange: On May 19, the Reserve Bank of India (RBI) announced the discontinuation of the Rs 2,000 note in India. The bank has stated that the existing notes may be deposited or exchanged in banks from May 23 to September 30, but has placed a restriction of "Rs 20,000 at a time" despite the fact that the note remains legal tender. From 23rd May 2023, Rs 2,000 notes exchange facility is opening in banks across the country, Here are the complete details with everything you need to know… What is a "Clean Note Policy"? In its May 19 statement, the RBI also instructed banks to cease issuing Rs 2,000 notes with immediate effect. The bank claimed that this action falls within its "Clean Note Policy," which ensures that "good quality banknotes are available to the general public." The RBI estimates that 89% of the Rs 2,000 denomination notes were printed before March 2017 and are nearing the end of their four- to five-year expected life...