https://www.taxtmi.com/news?id=26532 The Reserve Bank has decided to withdraw the Rs.2000 denomination banknote from circulation while it will continue to be legal tender. Banks are directed to stop issuing the denomination immediately. Members of the public may deposit the notes into bank accounts without restrictions subject to extant statutory provisions, or exchange them for other denominations at bank branches and designated RBI Issue Department offices. Exchange at banks and RBI offices is limited to Rs.20,000 per transaction, and banks must provide these facilities through a time bound window ending September 30, 2023. en-us Fri, 19 May 2023 21:32:14 +0530 Fri, 19 May 2023 21:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26532 The Reserve Bank has decided to withdraw the Rs.2000 denomination banknote from circulation while it will continue to be legal tender. Banks are directed to stop issuing the denomination immediately. Members of the public may deposit the notes into bank accounts without restrictions subject to extant statutory provisions, or exchange them for other denominations at bank branches and designated RBI Issue Department offices. Exchange at banks and RBI offices is limited to Rs.20,000 per transaction, and banks must provide these facilities through a time bound window ending September 30, 2023. News - Fri, 19 May 2023 21:32:14 +0530 https://www.taxtmi.com/news?id=26532