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News India Live, Digital Desk: Big Announcement of RBI: If you also have a pink note of 2000 rupees, then this news is very important for you! The Reserve Bank of India (RBI) has recently made a big and important announcement: Now the ₹ 2000 note will be removed from circulation (issuing for market transactions).

What does it mean? Are the notes closed?

There is absolutely no need to panic! This does not mean that these notes will immediately become illegal or will not be of any use. They will remain legally legal, that is, you can transact with them. However, RBI has now stopped releasing them in the market and is encouraging people to deposit or replace these notes in banks.

How much time do you have and what to do?

RBI has also set a time limit for depositing or replacing ₹ 2000 note in banks: you 30 September They can do it till

• Submit to the bank: You can easily deposit your ₹ 2000 notes in your bank account. No specific limit has been fixed for this (although the KYC rules have to be followed).

• Change Note (Exchange): If you do not want to deposit in the bank account, then you can change them directly from banks and take small price notes (eg ₹ 500, ₹ 200, ₹ 100 etc.). At once you ₹ 2000 notes up to Rs ₹ 20,000 Can change without any hassle. For this, you will not have to fill any form in the bank.

Why was this decision taken?

RBI has made it clear that this decision ‘Clean Note Policy’ Has been taken under The purpose of this policy is to ensure that only good quality notes in the market are in trend and removed from old or mutilated notes are removed from circulation. The ₹ 2000 notes were brought after demonetisation (demonetisation) in 2016 and now RBI has found that the purpose of their use has been fulfilled.

Banks and common people have been appealed to deposit these notes in banks till the time limit of 30 September without any hurry and comfortably. It is part of a general currency management.

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