Notebandi 2.0: Is it possible to use Rs 2000 note for normal transactions? As the Rs 2000 notes are at the end of their estimated life-span of 4-5 years and not commonly used for transactions, the Reserve Bank of India (RBI) has decided to remove them from circulation. Starting on May 23, 2023, the 19 regional offices of the RBI will additionally offer the ability to swap Rs 2000 notes up to a maximum of Rs 20,000 at a time. The RBI urged the general public to deposit or exchange their Rs 2000 notes before September 30, 2023. Prior to March 2017, around 89% of banknotes of Rs 2000 were printed.

Source: dna May 20, 2023 04:14 UTC