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Withdrawing Rs 2,000 note: Testing time ahead for banks

As there are around 1.55 lakh bank branches in the country, each branch, on an average, will have to handle 11,677 pieces of Rs 2000 notes – or 116 notes per day between May 23 and September 30, 2023. ....

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Troubled history of Rs 2000 note: Move confirms it was needless, why September deadline compounds the confusion

If the RBI itself will stop exchanging the Rs 2000 note, will it still be legal tender in practical terms from October 1st onwards? Can one still use it for buying goods and services? Can people refuse to accept it?

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