Rs 2000 Note Banned in India: The Reserve Bank of India (RBI) announced its historic decision to ban the 2000 Rupee Note on Friday, May 19, 2023. Since they were printed more than four to five years ago (before March 2017), 89% of the Rs. 2000 banknotes have been removed from circulation, according to the Reserve Bank of India (RBI).
The important ruling concerning the Rs. 2,000 banknote won't stop the notes from being authentic. The currency must be exchanged before September 30, 2023, or it will lose its face value. The notes are legal tender.

2000 Rupees Note Banned

The 2,000 rupee note will soon no longer be in use, according to the Reserve Bank of India (RBI). But don't be alarmed! The two thousand banknote won't disappear any time soon. Up to ten of the Rs 2,000 notes might be exchanged or deposited at once with the bank. The Indian government decided to outlaw the 2000 rupee note in an unprecedented action in an effort to combat counterfeit money. 

Important Dates | Last Date to Deposit Rs 2000 Note

Bank Reserve Bank of India (RBI)
2000 Rupees Note introduced date  November 2016
2000 Rupees Note Banned Friday, 19 May 2023
Note exchange start date  Friday,19 May 2023
Note exchange last date  September 30th, 2023, 

What is the Process to Deposit the Rs 2,000 Note?

  • Visit a Bank/Branch: Head over to the closest bank branch where you have access to financial services or where you have an account.
  • Be sure to have identification on you: Bring your bank account information together with a legitimate form of identification, such as an Aadhaar card, PAN card, voter ID, or passport.
  • Completing the deposit slip Get a deposit slip from the bank and fill it out with the necessary information, such as your name, bank account number, and the quantity and denomination of the Rs 2,000 notes you want to deposit.
  • Send the Deposit in: Give the filled-out deposit slip and the 2,000 rupee note(s) to the bank staff, or adhere to their instructions.
  • Acknowledgement and Receipt: The bank will give you an acknowledgement slip or receipt after the transaction has been processed, attesting to the deposit of the Rs 2,000 note(s)