RBI said bank notes of Rs 2,000 denomination will continue to be legal tender RBI said bank notes of Rs 2,000 denomination will continue to be legal tender RBI said bank notes of Rs 2,000 denomination will continue to be legal tender Reserve Bank of India on Friday has decided to withdraw Rs 2,000 bank note from circulation. However, RBI said bank notes of Rs 2,000 denomination will continue to be legal tender.
Reserve Bank of India explained the rationale behind the move being "banknotes in other denominations are available in adequate quantities".