Delhi HC likely to pass order on PIL against withdrawal of Rs 2,000 banknotes tomorrow
1 year, 5 months ago

Delhi HC likely to pass order on PIL against withdrawal of Rs 2,000 banknotes tomorrow

India TV News  

The Delhi High Court is likely to produce a public interest litigation challenging the RBI's decision to withdraw Rs 2,000 denomiNation banknotes from circulation. Regarding the high court's May 29 judgment on a PIL which had challenged the notifications by the RBI and SBI enabling exchange of Rs 2,000 banknotes without requisition slip and identity proof, Agarwal had said that was a completely different issue. Earlier, the high court had dismissed the plea by lawyer Ashwini Kumar Upadhyay, which claimed notifications by the RBI and SBI enabling exchange of Rs 2,000 banknotes without proof were arbitrary and against the laws enacted to curb corruption, saying it has been done to avoid inconvenience to citizens and the court cannot sit as an appellate authority on a policy decision. On May 19, the RBI had announced withdrawal of Rs 2,000 currency notes from circulation, and said existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.

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History of this topic

Monetary Limit Of Rs. 1 Crore For Appeals To High Court; Delhi High Court Dismisses Dept's Appeal
7 months, 1 week ago

Monetary Limit Of Rs. 1 Crore For Appeals To High Court; Delhi High Court Dismisses Dept's Appeal

Live Law  

The Delhi High Court has dismissed the challenging redemption fine of Rs. 40 lakhs, citing instructions issued by the Central Board of Indirect Taxes and Customs, which set the monetary limit of Rs. 1 crore for appeals to the high court.The Bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja has observed that the issue involved is with regard to …

97.76 per cent of Rs 2,000 currency notes returned, says RBI
7 months, 3 weeks ago

97.76 per cent of Rs 2,000 currency notes returned, says RBI

India TV News  

The Reserve Bank of India revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial …

₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI
9 months, 3 weeks ago

₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI

The Hindu  

More than 9 months since the Reserve Bank of India announced to withdraw ₹2000 banknotes, about ₹8,470 crore worth ₹2,000 banknotes were still in circulation as on February 29, 2024 as per updates provided by the central bank. “The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, …

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
9 months, 4 weeks ago

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February

The Hindu  

The growth in currency in circulation decelerated to 3.7% for the week ended February 9 from 8.2% a year ago, reflecting the impact of the decision of the Reserve Bank of India to withdraw ₹2,000 banknotes. According to the RBI, commercial banks have reported double-digit growth in deposits in January, which too can be attributed to withdrawal of ₹2,000 currency …

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return
11 months, 3 weeks ago

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return

Deccan Chronicle  

HYDERABAD: The Reserve Bank of India on Monday said that banks have received 97.38 per cent of the Rs 2,000 denomination banknotes in circulation and only Rs 9330 crore worth of such notes are remaining with the public. The RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation on May 19. People can still deposit and/or …

97.26 per cent of Rs 2000 notes returned, denomination continues to be legal tender: RBI
1 year ago

97.26 per cent of Rs 2000 notes returned, denomination continues to be legal tender: RBI

India TV News  

The Reserve Bank of India on Friday stated that 97.26 per cent of the Rs 2,000 banknotes have been returned to the baking system. Rs 2000 banknotes still in circulation The central bank also said that about 2.7 per cent of Rs 2,000 banknotes are still in circulation, about two months after the deadline to deposit or exchange them at …

More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI
1 year, 1 month ago

More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI

India TV News  

The Reserve Bank of India on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The RBI in a statement said, "The total value of Rs 2,000 banknotes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when …

Indians still hold Rs 10,000 cr in Rs 2,000 notes being phased out
1 year, 2 months ago

Indians still hold Rs 10,000 cr in Rs 2,000 notes being phased out

Firstpost  

Individuals or entities can exchange Rs 2,000 banknotes at the 19 RBI offices up to a limit of Rs 20,000 at a time. However, there is no limit on the total amount for getting Rs 2,000 notes credited into bank accounts. Reserve Bank Governor Shaktikanta Das on Friday said Rs 2,000 denomination notes are coming back and only Rs 10,000 …

What options are available after deadline to exchange Rs 2,000 notes is over? | DETAILS
1 year, 2 months ago

What options are available after deadline to exchange Rs 2,000 notes is over? | DETAILS

India TV News  

Rs 2,000 notes deadline over: The last day for the public to avail of exchange or to deposit high-value Rs 2,000 banknotes at the banks was Saturday. According to the RBI, Rs 2,000 notes can continue to be exchanged by individuals or entities at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time; or …

Rs 3.43 Lakh Cr of Rs 2,000 Notes Have Come Back, Public Can Return Notes in RBI Offices Post Oct 8: Das
1 year, 2 months ago

Rs 3.43 Lakh Cr of Rs 2,000 Notes Have Come Back, Public Can Return Notes in RBI Offices Post Oct 8: Das

News 18  

Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet here, Das said 87 per cent of the notes which have been returned …

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor
1 year, 2 months ago

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor

The Hindu  

Governor Shaktikanta Das on October 6 said ₹3.43 lakh crore of ₹2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet in Mumbai, Mr. Das said 87% of the notes which have been returned have …

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
1 year, 2 months ago

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon

Firstpost  

RBI Governor Shaktikanta Das said, so far, nearly 87 per cent of Rs 2,000 banknotes have been returned to the banks in form of deposits Reserve Bank of India Governor Shaktikanta Das on Friday said 2,000 rupee notes worth Rs 12,000 crore are still in circulation. “Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes …

Deadline to exchange ₹2,000 notes extended. What will happen if you miss it?
1 year, 2 months ago

Deadline to exchange ₹2,000 notes extended. What will happen if you miss it?

Hindustan Times  

The Reserve Bank of India on Saturday extended the deadline for exchanging your ₹2,000 notes till October 7. If you fail to meet the October 7 deadline, here's what will happen: RBI on May 19 had announced withdrawal of ₹ 2,000 currency notes from circulation and gave public time till September 30 to either deposit such notes in accounts or …

RBI extends deadline for exchange of ₹2,000 notes till October 7
1 year, 2 months ago

RBI extends deadline for exchange of ₹2,000 notes till October 7

The Hindu  

With about ₹0.14 lakh crore worth of ₹2,000 notes still not having found their way back into the banking system as on September 29, a day before the stipulated deadline for the general public to exchange or deposit the notes at bank branches, the Reserve Bank of India has decided to extend the deadline to October 7. 96% returned “According …

RBI extends deadline to exchange ₹2,000 notes till October 7
1 year, 2 months ago

RBI extends deadline to exchange ₹2,000 notes till October 7

Hindustan Times  

The Reserve Bank of India has extended the deadline for the exchange of ₹2000 notes till October 7. b) ₹2000 banknotes can continue to be exchanged by individuals / entities at the 19 RBI Issue Offices up to a limit of ₹20,000/- at a time. c) Individuals / Entities can tender ₹2000 banknotes at the 19 RBI Issue Offices for …

Last date for exchanging Rs 2,000 notes is September 30, know options after the deadline
1 year, 2 months ago

Last date for exchanging Rs 2,000 notes is September 30, know options after the deadline

India TV News  

The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. Currently, till September 30, individuals also have the option to exchange Rs 2,000 notes at 19 regional offices of RBI or any nearest bank branch. Step-by-step process to deposit Rs 2,000 notes 1) Visit your nearest bank 2) Fill out the …

Rs 2,000 note exchange, deposit deadline nears: All you need to know
1 year, 3 months ago

Rs 2,000 note exchange, deposit deadline nears: All you need to know

India TV News  

Rs 2,000 note : The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. 2,000 rupee notes deposits made in RBI: The Reserve Bank of India said that as much as 93 per cent of Rs 2,000 currency notes that were in circulation on May 19- the day when the currency was withdrawn from circulation- …

RBI says 88% of ₹2,000 notes returned to banks
1 year, 4 months ago

RBI says 88% of ₹2,000 notes returned to banks

The Hindu  

The Reserve Bank on August 1 said 88% of the ₹2,000 banknotes valued at ₹3.14 lakh crore have returned to the banking system after it announced the withdrawal of the high-value currency notes from circulation in May. According to the data received from banks, the RBI said the total value of ₹2,000 banknotes received back from circulation is ₹3.14 lakh …

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt
1 year, 4 months ago

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt

Live Mint  

New Delhi: Indian banks have received ₹2.72 trillion worth of ₹2,000 banknotes up to 30 June, after the Reserve Bank of India announced their withdrawal on 19 May, said Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha. In a surprise move, RBI announced withdrawal of ₹2,000 notes from circulation but …

‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin
1 year, 4 months ago

‘No plan to extend’: Deadline to exchange ₹2,000 notes on Sept 30, says FinMin

Hindustan Times  

The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of ₹2,000 notes beyond September 30, 2023. The Reserve Bank, in a surprise move, on May 19 announced withdrawal of ₹2,000 notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. …

Withdrawal of Rs 2,000 note won't harm economy: RBI Governor Shaktikanta Das
1 year, 5 months ago

Withdrawal of Rs 2,000 note won't harm economy: RBI Governor Shaktikanta Das

India Today  

Reserve Bank of India Governor Shaktikanta Das said the withdrawal of Rs 2,000 notes won’t have any negative impact on the economy. “One thing I can clearly tell you is that the Rs 2,000 note that we are withdrawing right now will not have any negative impact on the economy," Das told news agency PTI in an interview. In fact, …

‘Over Two-Third Of Rs 2,000 Notes Have Returned To System’: RBI Governor
1 year, 5 months ago

‘Over Two-Third Of Rs 2,000 Notes Have Returned To System’: RBI Governor

News 18  

Reserve Bank of India Governor Shaktikanta Das on Sunday said that within a month of the withdrawal order of Rs 2,000 notes, more than two-thirds of the total currency in circulation has returned to the system. Speaking in an interview with PTI, Governor Shaktikanta Das said, “More than two-thirds or Rs 2.41 lakh crore worth of the Rs 3.62 lakh …

Two-thirds of Rs 2,000 notes returned within a month of withdrawal: RBI Guv Shaktikanta Das
1 year, 5 months ago

Two-thirds of Rs 2,000 notes returned within a month of withdrawal: RBI Guv Shaktikanta Das

India TV News  

According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. On …

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin
1 year, 6 months ago

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin

ABP News  

Currency in circulation, which is the largest part of the reserve money, declined to 5.3 per cent from 8.3 per cent in the year-ago period due to the withdrawal of Rs 2,000 notes from circulation and an increase in digital mode of payments, the Reserve Bank of India said in its bulletin on Friday. The RBI also reported that reserve …

Half of Rs 2,000 notes in circulation back in system: RBI Governor
1 year, 6 months ago

Half of Rs 2,000 notes in circulation back in system: RBI Governor

Deccan Chronicle  

MUMBAI: The Reserve Bank of India Governor Shaktikanta Das on Thursday said 50 per cent of the to-be-withdrawn Rs 2,000 notes came back to the system. This is roughly about 50 per cent of the Rs 2000 notes which were in circulation on March 31," RBI Governor Das said at a post-monetary policy meeting press conference. On May 19, RBI …

RBI Has No Plan To Withdraw Rs 500 Note Or Bring Rs 1,000 Note; All You Need To Know
1 year, 6 months ago

RBI Has No Plan To Withdraw Rs 500 Note Or Bring Rs 1,000 Note; All You Need To Know

News 18  

Reserve Bank of India’s Governor Shaktikanta Das on June 8 made it clear that RBI is not thinking of withdrawing Rs 500 notes, or even re-introducing notes in the Rs 1,000 denomination, and requested the public not to speculate on this. While announcing the decisions of the Monetary Policy Committee on Thursday, Das also informed that about 50% of Rs …

Half of withdrawn ₹2,000 bank notes return to banks, mostly as deposits: RBI governor
1 year, 6 months ago

Half of withdrawn ₹2,000 bank notes return to banks, mostly as deposits: RBI governor

The Hindu  

In the 17 days since the Reserve Bank of India announced the withdrawal of ₹2,000 notes on May 23, about half of those notes in circulation have come back to the banking system, RBI governor Shaktikanta Das said on Thursday. “So far as ₹2,000 banknotes are concerned, we had said that as on March 31, there were ₹3.62 lakh crore …

About 80% choose to deposit Rs2000 notes instead of exchanging: Report
1 year, 6 months ago

About 80% choose to deposit Rs2000 notes instead of exchanging: Report

Hindustan Times  

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In May, the Reserve Bank of India said it would withdraw these high-value notes from circulation and permitted their exchange or …

“Publicity Interest Litigation”: Orissa High Court Dismisses PIL Against RBI Circular Allowing Exchange Of ₹2000 Notes Without ID Proof
1 year, 6 months ago

“Publicity Interest Litigation”: Orissa High Court Dismisses PIL Against RBI Circular Allowing Exchange Of ₹2000 Notes Without ID Proof

Live Law  

The Orissa High Court on Tuesday dismissed a Public Interest Litigation challenging the circular dated May 19, 2023 issued by the Reserve Bank of India which announced discontinuance from circulation of ₹2000 notes and allowed people to get them exchanged at banks without any identity proof. While terming the petition to be a ‘publicity interest litigation’, the Vacation Division Bench …

Supreme Court seeks report from Registry on urgent listing of plea challenging RBI decision on ₹2,000 note exchange
1 year, 6 months ago

Supreme Court seeks report from Registry on urgent listing of plea challenging RBI decision on ₹2,000 note exchange

The Hindu  

The Supreme Court on June 7 sought a report from its Registry on the issue of urgent listing of a plea challenging the notifications enabling the exchange of ₹2,000 currency notes without any requisition slip and ID proof. On June 1, the top court refused to list for an urgent hearing of Mr. Upadhyay's plea challenging the notifications and said …

‘How Can You Mention Again?You Can’t Come To A Different Bench’: Supreme Court Questions Ashwini Upadhyay’s Repeated Mentioning Of Plea Related To Rs 2000 Note
1 year, 6 months ago

‘How Can You Mention Again?You Can’t Come To A Different Bench’: Supreme Court Questions Ashwini Upadhyay’s Repeated Mentioning Of Plea Related To Rs 2000 Note

Live Law  

A Supreme Court Vacation Bench comprising Justice Aniruddha Bose and Justice Rajesh Bindal on Wednesday sought a report from the Supreme Court registry of the last mentioning of Advocate Ashwini Upadhyay's petition challenging Reserve Bank of India and State Bank of India's notifications that permit exchange of Rs. Advocate Upadhyay mentioned his plea against the Delhi High Court's dismissal of …

SC refuses urgent listing of plea challenging RBI decision on ₹2,000 note exchange
1 year, 6 months ago

SC refuses urgent listing of plea challenging RBI decision on ₹2,000 note exchange

The Hindu  

The Supreme Court on Thursday refused to list for urgent hearing a plea challenging the notifications enabling exchange of ₹2,000 denomination currency notes without any requisition slip and ID proof. Seeking urgent listing of the plea, the lawyer said the ₹2,000 banknotes are being exchanged without any requisition slip and ID proof like Aadhaar card by criminals and terrorists also. …

Rs 2000 Note Exchange: SC Declines Urgent Hearing For Plea Challenging Notifications Allowing Currency Exchange Without ID Proof
1 year, 6 months ago

Rs 2000 Note Exchange: SC Declines Urgent Hearing For Plea Challenging Notifications Allowing Currency Exchange Without ID Proof

ABP News  

The Supreme Court on Thursday declined urgent hearing of an appeal against the Delhi High Court order which dismissed a plea challenging the RBI’s decision permitting citizens to exchange Rs 2000 banknotes without any requisition slip and ID proof, as reported by ANI. The vacation bench of the apex court comprising Justice Sudhanshu Dhulia and Justice KV Viswanathan rejected the …

Currency In Circulation Rises In Value, Volume In FY23, Says RBI's Annual Report
1 year, 6 months ago

Currency In Circulation Rises In Value, Volume In FY23, Says RBI's Annual Report

ABP News  

The Reserve Bank of India's annual report said that the value and volume of currency in circulation rose by 7.8 per cent and 4.4 per cent, respectively, during the financial year 2022-23 as compared with 9.9 per cent and 5.0 per cent, respectively, during 2021-22. The circulation of Rs 2,000 banknotes showed a total value of Rs 3.62 lakh crore, …

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea
1 year, 6 months ago

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea

India TV News  

The Delhi High Court on Monday dismissed a petition challenging the notifications enabling the exchange of Rs 2,000 denomination currency notes without any requisition slip and ID proof, saying it has been done to avoid inconvenience to citizens, and the court cannot sit as an appellate authority on a policy decision. The high court said the Public Interest Litigation is …

₹2,000 note withdrawal: Indians in Gulf regions complain of denial of exchange
1 year, 6 months ago

₹2,000 note withdrawal: Indians in Gulf regions complain of denial of exchange

Live Mint  

The Reserve Bank of India decided to withdraw ₹2,000 denomination banknotes on 19 May and asked banks to stop issuing ₹2,000 notes with immediate effect. The Indians in the Gulf region are complaining that the banks are refusing to accept their ₹2,000 notes and are claiming to be not aware of the policy change. Some of the banks even bluntly …

Delhi HC dismisses plea challenging permission to exchange Rs 2,000 notes without requisition slip, ID proof
1 year, 6 months ago

Delhi HC dismisses plea challenging permission to exchange Rs 2,000 notes without requisition slip, ID proof

India TV News  

New Delhi: The Delhi High Court on Monday dismissed a plea challenging permission to exchange of Rs 2,000 currency notes without any requisition slip and identity proof. Petitioner and advocate Ashwini Kumar Upadhyay submitted that a large amount of currency has reached either an individual's locker or has “been hoarded by separatists, terrorists, Maoists, drug smugglers, mining mafias and corrupt …

Rs 2000 Note Exchange Delhi High Court Dismisses PIL Challenging Notifications Allowing Notes Without ID Proof
1 year, 6 months ago

Rs 2000 Note Exchange Delhi High Court Dismisses PIL Challenging Notifications Allowing Notes Without ID Proof

ABP News  

The Delhi High Court on Monday dismissed a PIL challenging the Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof, reported by ANI. Delhi High Court dismisses PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange …

₹2,000 note exchange/ deposit: Know rules for SBI, HDFC, ICICI, other banks
1 year, 6 months ago

₹2,000 note exchange/ deposit: Know rules for SBI, HDFC, ICICI, other banks

Live Mint  

Reserve bank of India instructed ₹2000 note withdrawal process begun on 23 May. Let's take a look State Bank of India The State Bank of India has informed that members of the public will not require to show identity proof or fill up a requisition slip to exchange ₹2000 notes for a limit of ₹20,000 at once in any SBI …

‘Not Demonetisation, Only Currency Management Exercise’: RBI To Delhi High Court On Decision To Withdraw Rs 2,000 Currency Notes From Circulation
1 year, 6 months ago

‘Not Demonetisation, Only Currency Management Exercise’: RBI To Delhi High Court On Decision To Withdraw Rs 2,000 Currency Notes From Circulation

Live Law  

The Reserve Bank of India on Friday defended its recent decision to withdraw Rs 2,000 notes from circulation and informed the Delhi High Court that it is only a “currency management exercise” and not demonetisation.Senior Advocate Parag P. Tripathi made the submission before a division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad during the hearing of …

No panic among public after withdrawal of ₹2,000 notes, shows survey
1 year, 6 months ago

No panic among public after withdrawal of ₹2,000 notes, shows survey

Live Mint  

A survey has shown that there is no panic or fear among the public after the Reserve Bank of India announced the withdrawal of ₹2,000 currency notes. The survey, conducted by LocalCircles, received 11,541 responses on the question if people support the government’s move of withdrawing ₹2,000 notes from circulation. The survey showed that 64% of respondents in support of …

The fundamental value of the rupee
1 year, 6 months ago

The fundamental value of the rupee

The Hindu  

The first thing that comes to mind when speaking of the value of a currency is the exchange rate it commands in international transactions. The RBI’s reputation On May 19, the Reserve Bank of India announced that the ₹2,000 note is being withdrawn from circulation but that it will remain legal tender. First, it should not have taken much for …

Can you deposit or exchange Rs 2,000 notes at post offices?
1 year, 6 months ago

Can you deposit or exchange Rs 2,000 notes at post offices?

Firstpost  

The Reserve Bank of India in its latest move announced the withdrawal of Rs 2,000 denomination notes as a part of its Clean Note Policy. In line with the RBI notification, the Department of Post has issued a statement stating that Rs 2,000 banknotes would no longer be accepted for exchange at post offices and other offices handling cash, however, …

Confusion over forms on Day 1 of exchange of ₹2,000 notes
1 year, 7 months ago

Confusion over forms on Day 1 of exchange of ₹2,000 notes

Hindustan Times  

MUMBAI: The Reserve Bank of India announced the rollback of ₹2000 currency notes last week and gave citizens approximately four months to exchange or deposit the notes in their possession. Karur Vysya Bank’s Prabhadevi branch issued small forms for the exchange, asking customers to provide their name, mobile number, the number of notes to be deposited, composite amount and signature, …

Citizens find it hard to exchange Rs 2K notes
1 year, 7 months ago

Citizens find it hard to exchange Rs 2K notes

Deccan Chronicle  

HYDERABAD: With the Rs 2,000 currency notes set to be withdrawn by September 30, city residents are finding it hard to exchange their notes as business establishments, including fuel stations, jewellery shops and wine shops, are refusing to accept the denomination. Jagadish, cashier at a fuel filling station in Secunderabad, said that they are accepting Rs 2,000 currency notes if …

Congress demands ‘white paper’ on the withdrawal ₹2,000 currency notes, says it will help black money hoarders
1 year, 7 months ago

Congress demands ‘white paper’ on the withdrawal ₹2,000 currency notes, says it will help black money hoarders

The Hindu  

The Congress on May 23 alleged that the move to withdraw ₹2,000 currency notes will end up facilitating those who hoard black money and reiterated its demand for a white paper on the demonetisation exercise. “We demand a white paper on why ₹2,000 notes were introduced and who all were saying that all black money will finish. Mr. Vallabh said …

Himachal: Devotee donates ₹8 lakh in ₹2,000 notes at Jawalaji Temple
1 year, 7 months ago

Himachal: Devotee donates ₹8 lakh in ₹2,000 notes at Jawalaji Temple

Hindustan Times  

Two days after the Reserve Bank of India announced the withdrawal of ₹2,000 banknotes from circulation, the authorities at Jwalaji Temple in Kangra district found 400 notes of the denomination in its donation box. A day after the Reserve Bank of India announced the withdrawal of ₹ 2,000 banknotes from circulation, the authorities at Jawalaji Temple in Kangra district found …

RBI defends before Delhi HC ₹2,000 banknote exchange exercise
1 year, 7 months ago

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Hindu  

The Reserve Bank of India on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience. The petitioner has contended in his plea that notifications by the RBI and SBI enabling exchange of ₹2,000 banknotes without requisition slip and identity …

Chaos, Confusion On First Day Of Rs 2,000 Note Exchange In Delhi
1 year, 7 months ago

Chaos, Confusion On First Day Of Rs 2,000 Note Exchange In Delhi

Deccan Chronicle  

New Delhi: Chaos and confusion were reported from several parts of Delhi on the first day of exchange of Rs 2,000 currency notes on Tuesday with people complaining that banks were instead asking to deposit them and also demanding identity proofs. They should have made proper arrangements to accommodate the exchange of Rs 2,000 notes instead of simply asking us …

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