2000 rupee notes out of circulation in India
2000 rupee notes out of circulation in India

The country has discontinued 2000 rupee notes from circulation. People are urged to swap their notes by September 30 according to the Reserve Bank of India (RBI).

Up to ten 2000-rupee notes may be exchanged in the bank, and tiny notes may be taken in their stead, for a total of 20,000 rupees at a time. The ability to swap 2000 rupee notes would be available at all banks. The RBI has instructed all banks to stop issuing notes worth Rs 2,000 immediately.

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Significantly, the Reserve Bank began issuing Rs 2,000 notes in November 2016 following Prime Minister Narendra Modi‘s overnight ban on the Rs 1,000 and Rs 500 notes.

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