The Reserve Bank of India had announced withdrawal of Rs 2000 banknotes from circulation and the central bank has now urged the masses to avail the facility of sending Rs 2000 banknotes through post offices of India Post. This will obviate the need for travel to RBI offices for deposit/exchange of Rs 2000 banknotes.
RBI has also clarified that Rs 2000 banknotes continue to be legal tender and that more than 97 percent of banknotes of this denomination in circulation has been returned to the central banker.