With the ₹2000 denomination bank notes set to be withdrawn from circulation, there are several misconceptions surrounding it & we are here to shed light on the facts with our myth-busting series!

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The discontinuation of ₹2000 currency notes is driven by a forward-looking vision. Here are some of the reasons for the decision...

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Yes! The ₹2000 notes will continue to be legal tender even after September 30, 2023. Your currency remains valid, so keep calm and let's bust the panic!

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No need to panic or rush to exchange them. Any bank, regardless of account ownership, is authorized to exchange ₹2,000 currency notes for smaller denominations.

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As we embrace this change, it is important to note that the exchange of notes shall be provided free of cost!

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Setting the record straight!

The exchange of ₹2000 notes into smaller denominations is NOT demonetisation. It's simply a step to facilitate smoother transactions and meet evolving needs.

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