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Rs 2,000 denomination note may lose legal tender status by year-end

No sign yet of Rs 1,000 note making a comeback

A man counting Rs 2,000 notes. Photo: Shutterstock

A man counting Rs 2,000 notes. Photo: Shutterstock

Asit Ranjan Mishra New Delhi

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The central government may withdraw the legal tender status of the Rs 2,000 denomination banknotes by the end of December this year, after the Reserve Bank of India (RBI) decided to withdraw them from circulation by the end of September.
A source close to the development said since many Indian citizens and Indian missions abroad keep Indian currencies, a window has been kept open beyond September to avoid any inconvenience that was caused in 2016 when the legal tender status of then Rs 500 and Rs 1,000 notes was ended immediately, as part of the demonetisation exercise.
“Last time, during

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First Published: May 21 2023 | 11:11 PM IST

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