But the people will be able to deposit the Rs 2,000 currency notes at banks till September 30 this year.
New Delhi: Banknotes of Rs 2,000 denomination have been withdrawn from circulation, but there is nothing to worry about, since they will remain as legal tender.
The people will be able to deposit the currency notes of Rs 2,000 denomination at banks till September 30 this year, according to the Reserve Bank of India.
The RBI has directed the banks to stop issuing currency notes of Rs 2,000 denomination.
The purpose of printing currency notes of Rs 2,000 was to meet exigency arising out of demonetisation in 2016, but once the purpose was met, RBI stopped printing it.
Nevertheless, the government stopped printing this currency note from 2018-19, RBI said.
In a tweet, former finance minister and Congress leader P Chidambaram criticized the move and said it was expected.
Meanwhile, Congress general secretary Jairam Ramesh took the RBI to task for withdrawing currency notes of Rs 2,000 denomination.
In a tweet, Ramesh also raised the issue of demonetisation that was carried out in 2016. He said it was a ‘Tughlaqi Firman.’
