Reserve Bank of India will not consider RS 2000 note as legal tender after September 30, 2023. As per the government circulation Rs 2000 note should be deposited in the bank till Sept 30, 2023.
Exchange for the Rs 2,000 notes will be available till September 30, 2023, as the objective of the new tender was fulfilled when enough notes of other denominations came back to the economy.
The printing of these notes had been stopped in 2018-19, and almost 90 per cent of them had been pumped into the system before 2017.
Currency notes have a life span of 5 years, and the circulation will stop as most Rs 2000 notes are nearing that mark.
