RBI decides to with draw the 2000 rupee notes from circulation. But already existing notes will continue to be LegalTender(LT).
About RBI:
1.established in 1 april 1935.
2.head quarter Mumbai.
3.this is under the ministry of finance
More on news:
1.under section 24(1) of RBI Act, 1934 introduced Rs 2000 notes in 2016.
2.these denominations are no longer commonly used for transactions.
3.This with drawn is part of RBI's "Clear note policy".
Note:Clear note policy, introduced in 1999.
