India to withdraw Rs2,000 notes from circulation
The Rs2,000 denomination banknote was introduced in November 2016
Last updated:
1 MIN READ
About 89% of the Rs2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life span of four-five years.
Bloomberg
Mumbai: India's central bank said on Friday it will start withdrawing Rs2,000 notes from circulation, although they will remain legal tender.
People will be asked to deposit Rs2,000 banknotes in their bank accounts or exchange them for smaller denominations between May 23 and September 30, the Reserve Bank of India said.
They will be able to exchange up to Rs20,000 ($244.56) at a time, it added.
Also Read
Disney drops plan to move workers to Florida, closes hotelEmirates enhances inflight connectivity, offers free Wi-Fi to all passengersIndia court panel doesn’t see regulatory failure in Adani caseLebanon receives Interpol notice for central bank governor - interior ministerNetwork Links
GN StoreAbout Gulf NewsTerms & ConditionsReach by GNSitemapContact usPrivacy PolicyGN FocusHave your sayWork with usAdvertise with usGulf News epaperPrinting Services
Download our app
© Al Nisr Publishing LLC 2025. All rights reserved.