The Reserve Bank of India (RBI) has announced that it will withdraw the
₹2000 note from circulation. The withdrawal will be effective from September 30, 2023.
The RBI has said that the decision to withdraw the ₹2000 note is being taken in order to
"curb counterfeiting and improve the circulation of currency notes".
The central bank has also said that the ₹2000 note will continue to be legal tender until September 30, 2023,
and that it can be exchanged at any bank or RBI office during this period.
The withdrawal of the ₹2000 note has been met with mixed reactions. Some people have welcomed the move,
saying that it will help to curb counterfeiting and make it easier to track the movement of money.
Others have expressed concern that the withdrawal will inconvenience people and make it more difficult to make large payments.