Subhechcha Ganguly 
The note was taken out of circulation on May 19 by the Reserve Bank of India, while it remains a valid form of payment.According to RBI governor Shaktikanta Das, the withdrawal of the Rs. 2000 banknote that was announced by the Reserve Bank of India (RBI) last month won’t have any adverse effects on the economy.The ex-bureaucrat added that the central bank had also implemented a number of measures, such as ‘calibrated’ policy rate increases, to reduce inflation to below 5%.
As part of its currency management, the RBI announced the withdrawal of the 2000-denomination notes on May 19. The deadline for exchanging or depositing the notes is September 30, but they remain valid forms of payment that can be done at any bank location. Furthermore, ten of these notes can only be exchanged or deposited at once. However, there is no restriction on how frequently these may be traded or deposited.
