The RBI removes the 2000 note from circulation while maintaining legal tender

The RBI removes the 2000 note from circulation while maintaining legal tender.

The 2000 rupee banknotes will no longer be in circulation, but they will still be accepted as legal money.

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The RBI anticipates that four months will be sufficient for people to swap notes with banks.

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People shouldn’t panic since this is a standard RBI operation.

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The supply of banknotes in other denominations is still sufficient to meet the public’s need for currency.

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