Why is 2000 note banned?

The 2000 INR note was demonetized temporarily in some contexts to curb black money and counterfeit currency. However, currently, it is legal tender in India. Always check the RBI updates for official announcements.

People often confuse demonetization with banning. Only certain notes were withdrawn in 2016, and the 2000 note was introduced after the 500 and 1000 note demonetization. It is still widely accepted in banks and transactions.