RBI to Withdraw Rs 2000 Notes from Circulation

The Reserve Bank of India (RBI) has announced that it will withdraw Rs 2000 notes from circulation from September 30, 2023. The notes will continue to be legal tender till then, and can be exchanged at banks or RBI offices during this period.

Here are the main points of the announcement:

• The RBI will withdraw Rs 2000 notes from circulation from September 30, 2023.
• The notes will continue to be legal tender till then.
• They can be exchanged at banks or RBI offices during this period.
• The RBI has taken this decision to curb the menace of counterfeit currency and make the currency system more efficient.

The move has been met with mixed reactions from the public:

• Some people have welcomed the decision, saying that it will make it more difficult for criminals to use counterfeit notes.
• Others have expressed concern that it will cause inconvenience to people who still have Rs 2000 notes.

The RBI has said that it will take all necessary steps to ensure that the withdrawal of the Rs 2000 notes is smooth and does not cause any inconvenience to the public:

• The RBI will provide adequate time for people to exchange their notes.
• It will also set up special counters at banks and RBI offices to facilitate the exchange of notes.

The RBI has appealed to the public to cooperate with the withdrawal of the Rs 2000 notes.