2000 Notes LIVE | RBI का बड़ा ऐलान, 2000 रुपये का नोट हुआ बंद | Notebandi | Breaking News | PM Modi
Channel: News18 MP Chhattisgarh
Date: 2023-05-20

LIVE: 2000 Notes | RBI का बड़ा ऐलान, 2000 रुपये का नोट हुआ बंद | Notebandi | Breaking News | PM Modi
2000 Notes : RBI का बड़ा ऐलान, 2000 रुपये का नोट हुआ बंद | Notebandi | Breaking News | PM Modi

The RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect. About 89% of the Rs 2000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years. The total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023. It has also been observed that this denomination is not commonly used for transactions. Further, the stock of banknotes in other denominations continues to be adequate to meet the currency requirement of the public. In view of the above, and in pursuance of the “Clean Note Policy” of the Reserve Bank of India, it has been decided to withdraw the Rs 2000 denomination banknotes from circulation. The banknotes in Rs 2000 denomination will continue to be legal tender," RBI’s press release said.

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