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Rs 2000 notes to be phased out in India

Title Rs 2000 notes to be phased out in India Excerpt

Rs 2000 notes to be phased out in India
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Rs 2000 notes to be phased out in India
Excerpt India’s Reserve Bank has announced that the Rs 2,000 notes will cease to be legal tender after September 30. This move follows the 2016 demonetisation of Rs 500 and Rs 1,000 notes, which were invalidated overnight. However, unlike the previous demonetisation, citizens will have a few months to exchange their Rs 2,000 notes. The phasing out of Rs 2,000 notes is part of the Indian government’s efforts to curb the circulation of high-value banknotes in the country.

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