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*RBI to withdraw 2,000-rupee banknotes from circulation*

*No need to panic read following and take action*

⁃ The Reserve Bank of India said 2,000-rupee banknotes will be withdrawn from circulation as they constituted only 10.8 percent of notes in circulation as on March 31, 2023
⁃ Further, the note is not commonly used for transactions.
– The RBI has, however, said that banknotes of the 2,000-rupee denomination will continue to
be legal tender.
– RBI said it has advised banks to stop issuing 2,000-rupee notes “with immediate effect”
– However, the Central Bank said people can approach bank branches to deposit or exchange
the 2,000-rupee bank notes held by them. This facility will be available till September 30, 2023