Big decision of RBI (Reserve Bank of India) on 2000 Rupees note

2000 notes (Two thousands Rupees Note) will be changed in the bank by 30 September. The banks will not accept 2000 rupees notes after September 30. 2000 notes will remain legal tender but transactions with them will not be valid.

Reserve Bank of India said it has asked banks to stop issuing 2,000 rupees notes with immediate effect. It added that its 19 regional offices and the other banks will start taking 2,000 notes for exchange with lower denomination one.

Also, Central bank has said that the ATMs / Cash Recylers to be reconfigured accordingly.