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Sunday, September 24, 2023

Still hold Rs 2,000 note? You have less than a week to deposit in bank

India's 2,000-rupee banknote, introduced in 2016 to remonetize the economy, will be withdrawn by the Reserve Bank of India on September 30. Despite the May announcement, there are still almost 240 billion rupees ($2.9 billion) worth of the notes in circulation. While the notes will remain legal tender, they will not be accepted for transactions and can only be exchanged with the RBI.

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