The Rs. 2,000 note is being phased out of circulation but will remain valid currency until September 30.

A circular from the Reserve Bank of India dated May 19 announced the withdrawal of Rs 2,000 currency notes from circulation. The memo said that the notes will remain valid tender until September 30. According to the document, the RBI's "Clean Note Policy" necessitates the change. Th...

NO MORE Rs. 2000 NOTES FROM INDIAN BANK ATMs

Highlights:

• Indian Bank will no longer load Rs. 2000 notes in its ATMs.
• The Rs. 2000 denomination notes left in ATMs after March 1 will be taken out.
• The PSB will load more Rs. 200 notes in the ATMs.

Indian Bank, a PSB, wi...