The Reserve Bank of India (RBI) has defended before the high court its notification, saying it is not demonetisation but a statutory exercise.
Money exchangers said that none of the customers are willing to buy the Rs 2000 notes they hold.
Onmanorama answers some of the frequently asked questions about the exchange process of Rs 2000 notes.
The Kerala Tourism department has used a piece of misinformation regarding the Rs 2000 note and turned into into a meme.
The decision to withdraw Rs 2,000 notes is different from demonetisation which involves eliminating the lawful acceptance status of a monetary unit in an economy.
The Pakistani rupee depreciated by Rs 2.52 to settle at Rs 271.35 at the close of the day.
The Supreme Court on Monday upheld the decision of the government on demonetisation.
In the first phase, the transactions will take place in Delhi, Mumbai, Bengaluru, and Bhubaneswar on December 1.
The first phase of e-rupee will begin with four banks -- SBI, ICICI Bank, Yes Bank and IDFC First Bank -- in 4 cities across the country. The second phase will cover 9 cities, including Kochi.
As per the FIR, he has been booked for tearing Indian currency notes and causing a loss of Rs 1,500 to the public exchequer.