(File)The Reserve Bank of India has decided to pull Rs 2000 crore notes from circulation. The term legal tender means these notes can be used to purchase goods and services till the deadline. This meant money wasn't legal anymore and wasn't allowed to be used. This clearly means that Rs 2000 bank notes will have to be exchanged or deposited. Per RBI, the objective of Rs 2000 notes was met when the markets were flush with notes of other departments.

Source: dna May 20, 2023 00:44 UTC