Only five more days are left for the period allowed by the RBI to exchange Rs 2,000 notes and deposit them in banks. If the tenure is not extended again, the notes held will not be able to be exchanged. RBI had already suggested to avoid rush in banks in the last days.
Those who opted for cash on delivery could pay Rs 2,000 notes while delivering the goods ordered through Amazon. But Amazon will no longer accept Rs 2,000 notes. This is because there are indications that Rs 2,000 notes may be withdrawn from circulation. Amazon stopped accepting Rs 2,000 notes from September 19. Some shops and other business establishments have already stopped accepting Rs 2000 notes.
The highest denomination currency currently in circulation is Rs 2,000. Although the printing of Rs 2,000 note has been stopped earlier, there are indications that RBI is withdrawing it from circulation in a phased manner.
Those who opted for cash on delivery could pay Rs 2,000 notes while delivering the goods ordered through Amazon. But Amazon will no longer accept Rs 2,000 notes. This is because there are indications that Rs 2,000 notes may be withdrawn from circulation. Amazon stopped accepting Rs 2,000 notes from September 19. Some shops and other business establishments have already stopped accepting Rs 2000 notes.
The highest denomination currency currently in circulation is Rs 2,000. Although the printing of Rs 2,000 note has been stopped earlier, there are indications that RBI is withdrawing it from circulation in a phased manner.
Are the notes invalid?
As per RBI’s earlier announcement, the last date for exchange of Rs 2,000 currency notes is September 30. While there are indications that the entire 2,000 rupee notes will be withdrawn from circulation, the RBI has clarified that they will remain legal tender. That means the notes have not been canceled yet. An official announcement on the matter may come by September 30. 2,000 notes can now be exchanged by giving a special slip from all banks in the country.
In November 2016, the country’s high-denomination Rs 1,000 and Rs 500 notes were demonetised. After this higher denomination notes of Rs 2,000 were issued.
