Rs 2000 notes being withdrawn

The Union Government has decided quietly bury the Rs 2000notes and instructions have been issued to public sector banks to return the notesto the currency chest last week

The circulation of Rs 2,000 denomination currency notes hasreportedly been put under restrictions by a top public sector bank.

According to a Business Insider report, a big public sectorbank has issued instructions to senior management to keep Rs 2,000 notes out ofcirculation and also not to stock it at the bank's ATMs.

According to a report, a government bank has issued an orderin writing to its employees which states that they should not give 2,000 rupeenotes to the customers.

Apart from this, these notes should not be inserted in ATMsalso. Bank officials have been instructed to put 200 and 100 rupee notes inATMs besides 500.

According to the report, the bank personnel has been ordered through e-mail to give other notes instead of 2,000 rupee note to customers coming for withdrawal.