Why did the Reserve Bank of India (RBI) initiate the withdrawal of ₹2,000 banknotes in May 2023?
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Why did the Reserve Bank of India (RBI) initiate the withdrawal of ₹2,000 banknotes in May 2023?

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To meet the currency requirements after the demonetization of ₹500 and ₹1,000 notes in 2016. The RBI initiated the withdrawal of ₹2,000 banknotes to fulfill the objective of introducing them after the demonetization of ₹500 and ₹1,000 notes in 2016.

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