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RBI withdraws Rs 2,000 bank notes from circulation, netizens flood social media with hilarious memes

Soon after the Reserve Bank of India (RBI) issued a notice advising banks to stop issuing Rs 2000 denomination banknotes, netizens started a meme fest on social media.

RBI withdraws Rs 2,000 bank notes from circulation, netizens flood social media with hilarious memes

Representative Image of Rs 2000 notes

Last Updated: 10.57 AM, May 20, 2023


On Friday evening, the Reserve Bank of India announced the withdrawal of its highest value currency note, Rs 2,000, from circulation. The official statement by the central bank said the existing Rs 2,000 notes can be deposited or exchanged in banks until September 30.

Soon after this announcement, social media platforms were flooded with reactions to the development, many of whom felt reminded about the demonetization process that took place on November 8, 2016.

Many users also turned creative as the dropped hilarious memes on the development. A Twitter user dropped a clipping of a still from Shahid Kapoor-starrer Farzi wherein he can be seen looting the bank and throwing the currency notes of Rs 2000 denomination out of a van.

Another user attached a photo of Rs 2000 note and wrote, “Achha chalta hoon, duaon main yaad rakhna.” This is an iconic song from actor Ranbir Kapoor’s film Ae Dil Hai Mushkil.

One more Twitter user shared a GIF of people dancing with joy, as they never had Rs 2000 notes in their pockets. Some people also wrote “Rest in peace” to Rs 2000 note on social media.

Notably, the RBI asked banks to introduce Rs 2000 notes in 2016 soon after the announcement of demonetization was made. However, in just nine years, the central bank has asked banks to withdraw it from circulation. “In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, exchange of Rs 2,000 banknotes can be made up to a limit of Rs 20,000 at a time, at any bank starting from May 23,” read the official statement by RBI.

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