Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.

People will be able to deposit the Rs 2,000 note at the bank, or exchange it for notes of smaller denominations up to Rs 20,000 at a time, according to an official statement.

1. RBI 2,000-rupee note exchange/deposit last date.
According to the RBI statement, people will be able to deposit their Rs 2,000 notes or exchange them for smaller notes between May 23 and September 30.

2. Rs 2,000 exchange/deposit limit
Bearers will be able to exchange Rs 2,000 notes worth up to Rs 20,000 (10 notes of 2,000 rupees each) at a time, according to the statement.


3. When was 2,000-rupee banknote introduced
The Rs 2,000 note was introduced in November 2016, after the government announced demonetisation of Rs 500 and Rs 1,000 notes.


4. Why was the Rs 2,000 note issued
The Rs 2,000 currency note was issued to meet the Indian economy's currency requirement in view of the sudden withdrawal of the Rs 500 and Rs 1,000 notes under the demonetisation drive.

5. Did the Rs 2,000 serve its purpose?
Yes, the goal was achieved as soon as the notes in other denominsations underwent circulation in sufficient quantities

6. Was the Rs 2,000 notes being printed all this while?
No, the printing of the Rs 2,000 note was stopped in the year 2018-19.