No instruction to banks on withdrawing ₹2000 notes, says Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of ₹2000 denomination.

"As far as I know, no such instruction has been given to the banks (on stopping issue of ₹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 ₹2,000 notes and that the largest currency denomination will remain legal tender, but would be gradually phased out of public circulation.