For instance, if you deposit Rs 20,000 of which Rs 10,000 is in valid currency, you can withdraw Rs 10,000 more than the permissible limit of Rs 24,000. The new Rs 2,000 currency note is being circulated the most through withdrawals. The Rs 2,000 note is too big an amount to be used for daily shopping. On the other hand, people are also sitting on their Rs 2,000 note. As a result, both Rs 100 and Rs 2,000 currency notes are not going back to the banks.

Source: India Today November 29, 2016 11:25 UTC