No instruction to banks on withdrawing Rs 2000 notes: FM

Nirmala Sitharaman. (File Photo: IANS)

New Delhi, Feb 26 (IANS) Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of Rs 2000 denomination.

“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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