Rs 2,000 notes withdrawn from circulation: How does it impact you? How Can You deposit? While banks have been advised not to issue Rs 2,000 currency notes with immediate effect, citizens need not worry as the withdrawal will be carried out in a “time-bound” and systematic manner. ADVERTISEMENT The RBI has decided to withdraw all Rs 2,000 currency notes from circulation. (Photo: Reuters) The Reserve Bank of India (RBI) on Friday said it has decided to withdraw Rs 2,000 currency notes from circulation. While banks have been advised not to issue Rs 2,000 notes with immediate effect, citizens need not worry as the withdrawal will be carried out in a “time-bound” and systematic manner. In a press release , the central bank said the Rs 2,000 notes that are currently in circulation will continue to be legal tender . So, people can use them for transactions and also receive them in payment for now. However, the RBI has “encouraged” the public to deposit and/or exch...