DelhiDesk: The Reserve Bank of India has announced the withdrawal of 2000 rupee notes from circulation and they will no longer be used for transactions. These notes can be exchanged until September 30 by taking them to the bank. The government had introduced Rs 2000 notes after demonetisation in 2016 to avoid a shortage of notes in the market. The look and design of all notes have been changed since then, with notes becoming smaller and more colourful. New notes of 10, 20, 50, 100, 200, 500, and 2000 rupees were introduced after demonetisation.
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👉 The Reserve Bank of India announced the withdrawal of 2000 rupee notes.
👉 These notes will not be used for transactions anymore.
👉 Till September 30, these notes can be changed by taking them to the bank.
👉 The Modi government had announced demonetisation on 8 November 2016.
👉 500 and 1000 rupee notes were taken out of circulation.
👉 To avoid shortage of notes in the market, the government had introduced Rs 2000 notes.
👉 After about six and a half years, the Reserve Bank has announced to take these notes out of circulation.
👉 Printing of these notes was stopped for almost four years.
👉 After demonetisation, the government and the Reserve Bank of India changed the look and design of all the notes in circulation.
👉 Notes have become smaller than before and quite colourful.
👉 New notes of 10, 20, 50, 100, 200, 500, 2000 came in the market.
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