DelhiDesk The Reserve Bank of India (RBI) has announced the withdrawal of Rs 2,000 notes from circulation, but they will continue to be legal tender. The public has been given until 30 September to exchange or deposit the notes, after which it is unclear whether they will remain valid. Individuals can deposit the notes into their bank accounts without restrictions and withdraw other notes according to their needs. The government had previously demonetised 500 and 1,000 notes in 2016 and introduced new 500 and 2,000 notes.

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Here is the news bullets sorted by team.

– RBI announces withdrawal of Rs 2,000 denomination notes from circulation
– Rs 2,000 notes to continue as legal tender
– General public can exchange or deposit Rs 2,000 notes by going to the bank
– Banks will accept exchange or deposit of Rs 2,000 notes until 30 September
– Individuals can deposit Rs 2,000 notes into their bank accounts without any restrictions
– RBI has not announced validity of Rs 2,000 notes after 30 September
– 500 and 1000 notes were demonetised and new 500 and 2000 notes were introduced in 2016
– Individuals can withdraw another note in exchange of their deposited Rs 2,000 notes
– RBI gave Rs 87,416 crore to the government, exceeding budget estimate
– S&P retains India’s credit rating, sets good expectations

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