https://www.taxtmi.com/news?id=26533 The Reserve Bank announced withdrawal of the two thousand rupee denomination from circulation while confirming continued legal tender status. Banks must stop issuing the denomination immediately, reconfigure ATMs, classify Currency Chest holdings as unfit, sort received notes with Note Sorting Machines and dispatch them to RBI issue offices. Deposit and exchange facilities must be provided through branches and Business Correspondents subject to KYC, CTR and STR compliance, with operational arrangements to replenish other denominations and assist vulnerable customers. en-us Fri, 19 May 2023 21:35:39 +0530 Fri, 19 May 2023 21:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26533 The Reserve Bank announced withdrawal of the two thousand rupee denomination from circulation while confirming continued legal tender status. Banks must stop issuing the denomination immediately, reconfigure ATMs, classify Currency Chest holdings as unfit, sort received notes with Note Sorting Machines and dispatch them to RBI issue offices. Deposit and exchange facilities must be provided through branches and Business Correspondents subject to KYC, CTR and STR compliance, with operational arrangements to replenish other denominations and assist vulnerable customers. News - Fri, 19 May 2023 21:35:39 +0530 https://www.taxtmi.com/news?id=26533