Know,why RBI suddenly took this step?

The Reserve Bank of India has said that it will withdraw the 2000 rupee note. The Reserve Bank of India has decided to withdraw the Rs 2000 note from circulation.

What is Clean Note Policy?

Ans- It is a policy adopted by RBI to ensure availability of good quality bank notes to the public.

Legal tender status of Rs 2,000 notes continues?

Rupee. 2,000 notes will retain the status of legal tender. This means that if you have a 2000 rupee note, its validity will remain unchanged.

Can Rs 2,000 note be used for normal transactions?

2000 notes can continue to be received in use. They have been directed to deposit or exchange these bank notes on or before September 30, 2023.

From which date the exchange facility will be available?

People are requested to approach bank branches or regional offices of RBI from May 23, 2023 to avail the exchange facility.

Can Rs 2,000 notes be exchanged by Business Correspondents?

An account holder can earn Rs. 4,000 by business correspondents to the extent of Rs. 2000 notes can be exchanged.