ATMs dispensing Rs 500 notes is commonplace compared to Rs 2000 notes (Image courtesy: Twitter) 
Business

No instruction to banks on withdrawing Rs 2000 notes: FM

Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of Rs 2000 denomination.

migrator

New Delhi

"As far as I know, no such instruction has been given to the banks (on stopping issue of Rs 2000 notes)," she said at a meeting with heads of PSU banks.

The Minister's comments come after reports of ATM recalibration to phase out of Rs 2,000 notes and that the largest currency denomination will remain legal tender, but would be gradually phased out of public circulation.

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