DelhiDesk The Reserve Bank of India has announced that the 2000 rupee note will no longer be in circulation starting from May 23, 2023. Individuals who have the note can either exchange it or deposit it in a bank till September 30, 2023. After that, it is unclear what will happen to the note. People can exchange up to 10 notes of Rs 2000 without identification documents, but some banks may require proof of identity. Those without bank accounts may face difficulties in exchanging the notes.
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Here is the news bullets sorted by DelhiBreakings.com team.
– The Reserve Bank of India (RBI) has put the 2000 rupee note out of circulation starting from May 23.
– The process of depositing or exchanging the notes has started and will continue until September 30.
– People can either spend their notes or deposit them in the bank, with no limit on the amount that can be deposited.
– Some banks may ask for proof of identity for exchanging notes, and the limit for exchanging notes is 10 per person.
– The effects of the ban on the 2000 rupee note on the stock market and the increase in demand for gold are being observed.
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