Data | ₹2,000 Banknotes: A fading presence as RBI decides to withdraw from circulation
1 year, 6 months ago

Data | ₹2,000 Banknotes: A fading presence as RBI decides to withdraw from circulation

The Hindu  

The Reserve Bank of India ’s move to withdraw ₹2,000 banknotes from circulation on May 19, 2023, was a stark reminder of the ghosts of demonetisation.In a press release, the central bank justified the move by stating that the banknote, which was introduced to meet the currency requirement after ₹500 and ₹1,000 banknotes were withdrawn in November 2016, had fulfilled its objective. As of March 2023, the share of ₹2,000 notes in the total value of banknotes in circulation had dipped to 10.8% compared to the 50% share they had by the end of March 2017. This is in stark contrast to the pre-demonetisation period where two high-value currency notes — ₹500 and ₹1,000 — together accounted for the lion’s share of the banknotes in circulation. While this number is much lower than the number of fake currency notes detected of the withdrawn ₹500 banknotes, it has been on a consistent rise since its introduction only six years ago.

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History of this topic

Man from Gujarat caught with fake notes worth ₹77,100
1 day, 8 hours ago

Man from Gujarat caught with fake notes worth ₹77,100

Hindustan Times  

The Samartha police on Friday midnight arrested Gujarat resident Gaurav Rampratap Savita, 24, from a place near Apollo Theatre and Untade Maruti Mandir for possessing 142 counterfeit notes of ₹500 denomination and 61 counterfeit notes of ₹100 denomination worth ₹77,100. Samartha police station incharge inspector Uttam Gite said that the accused is a BCom graduate. We are trying to piece …

Gujarat: Four held with fake Indian currency notes worth over Rs 2 crore in Surat
1 week, 2 days ago

Gujarat: Four held with fake Indian currency notes worth over Rs 2 crore in Surat

India TV News  

Gujarat: At least four persons were arrested in Surat with fake Indian currency notes with a face value of Rs 2.57 crore, a police official said today. The four accused, three of whom are from Ahilyanagar in neighbouring Maharashtra, were walking with three bags when they were apprehended at a check post in Saroli on Saturday evening, the official said. …

RBI says 98.08% of ₹2,000 currency notes returned. What to do if you still haven't?
2 weeks, 6 days ago

RBI says 98.08% of ₹2,000 currency notes returned. What to do if you still haven't?

Hindustan Times  

The Reserve Bank of India has announced that 98.08% of the ₹2,000 banknotes in circulation have been returned. These ₹ 2,000 banknotes were originally introduced in November 2016 after the demonetisation of the ₹ 1,000 and ₹ 500 notes However, the currency notes which are remaining in circulation are still recognised as legal tender. These ₹2,000 banknotes were originally introduced …

Centre’s claims on demonetisation’s success is eyewash, says Jairam Ramesh
4 months, 1 week ago

Centre’s claims on demonetisation’s success is eyewash, says Jairam Ramesh

The Hindu  

The Government’s assertion that the number of counterfeit notes detected has fallen is an “eyewash,” the Congress said on Friday, as it claimed that the counterfeit notes have “become rife once again”. Congress general secretary Jairam Ramesh questioned the gains made by the 2016 demonetisation and whether it could neither curb black money nor counterfeit currency. “Eight years after the …

Haryana: Six held with ₹13.66 lakh in fake currency notes
4 months, 1 week ago

Haryana: Six held with ₹13.66 lakh in fake currency notes

Hindustan Times  

Six members of a gang involved in printing and circulating fake currency notes were arrested after raids at Yamunanagar and Panchkula districts, said CIA-1 unit of the Yamunanagar police on Saturday. The police seized fake currency notes worth ₹13.66 lakh, a printer, a laptop and plain papers during the raids. An amount of ₹91,200 in fake currency notes was recovered …

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 …

The Science Quiz | Security features of rupee notes
8 months, 3 weeks ago

The Science Quiz | Security features of rupee notes

The Hindu  

In 2000, the Reserve Bank of India incorporated a feature in the then 500- and 1,000-rupee notes. On many currency notes, including the new rupee notes the RBI released in 2016, some designs are printed such that they rise a little over the rest of the note’s surface. On notes of the 5- and 10-rupee denominations, it contains the word …

₹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 …

Fact Check: Images Of Rs 500 Notes Featuring Lord Ram, Ayodhya Temple Digitally Altered
11 months ago

Fact Check: Images Of Rs 500 Notes Featuring Lord Ram, Ayodhya Temple Digitally Altered

ABP News  

Ahead of the consecration ceremony at the Ram Temple in Uttar Pradesh’s Ayodhya, social media users have shared images of ₹500 currency notes featuring the Hindu god Ram and the newly constructed temple with the claim that the Reserve Bank of India will release the new bills on January 22. NEW Rs 500 NOTES WILL BE ISSUED ON 22/01/2024.” This …

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 …

Rajasthan: Fake currency notes worth Rs 1.97 crore seized in Jodhpur ahead of Assembly polls
1 year, 1 month ago

Rajasthan: Fake currency notes worth Rs 1.97 crore seized in Jodhpur ahead of Assembly polls

India TV News  

Rajasthan: Fake currency worth Rs 1.97 crore has been seized from poll-bound Rajasthan. The cops first took action assuming that the money was real but later realised they were fake as currency notes had similar serial numbers. A team comprising of ACP and 10 police officers has been formed to find out the sources of the fake currency notes and …

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 …

RBI not considering re-introduction of Rs 1,000 notes: Sources
1 year, 2 months ago

RBI not considering re-introduction of Rs 1,000 notes: Sources

India TV News  

The Reserve Bank of India is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes. Demonetisation On November 8, 2016, Prime Minister Narendra Modi addressed the nation and announced the demonetisation of Rs 500 and Rs 1,000 currency notes. …

₹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 …

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 …

Starting today, You can’t use ₹2,000 notes HERE
1 year, 3 months ago

Starting today, You can’t use ₹2,000 notes HERE

Live Mint  

Starting today, Amazon India will cease to accept ₹2,000 notes for cash-on-delivery payments for orders that are fulfilled by Amazon. While orders fulfilled by Amazon will no longer permit ₹2,000 notes as payment, third-party courier services may still accept it, according to the e-commerce titan. Amazon's decision to discontinue the acceptance of ₹2,000 notes from September 19 follows a larger …

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- …

93% of ₹2000 notes returned to banks: RBI
1 year, 3 months ago

93% of ₹2000 notes returned to banks: RBI

Hindustan Times  

The Reserve Bank on Friday said that as much as 93 per cent of ₹2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks. According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation is ₹3.32 …

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 …

Gang pays ₹25,000 for fake currency with face value of ₹1 lakh, caught by Bengaluru police
1 year, 4 months ago

Gang pays ₹25,000 for fake currency with face value of ₹1 lakh, caught by Bengaluru police

The Hindu  

Cottonpet police busted an inter-State fake currency racket and arrested three persons red-handed with 1,307 fake currency notes of ₹500 denomination adding up to ₹6.5 lakh. They were caught red-handed with the notes near the skywalk at city railway station on July 28 by a police team led by Balaraj G. Investigations revealed that Saravanan used to source the fake …

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. …

‘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 …

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 …

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 …

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. …

The short history of a large note
1 year, 6 months ago

The short history of a large note

The Hindu  

The withdrawal of the ₹2,000 note from circulation by the Reserve Bank of India, which it announced on May 19, 2023, marks the end of a sordid chapter in the tragi-comic demonetisation saga. In the villages, farmers were cheated by criminals as they were paid in fake ₹2,000 notes — they were just high resolution photocopies of the original note. …

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, …

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms
1 year, 6 months ago

RBI says India’s growth momentum to continue in FY24; stresses on structural reforms

The Hindu  

The Reserve Bank on May 30 said that India’s growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term. The Reserve Bank’s annual report flagged slowing global growth, protracted geopolitical tensions and a possible upsurge in financial …

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 …

‘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 …

₹2,000 note move may have marginal impact
1 year, 6 months ago

₹2,000 note move may have marginal impact

Hindustan Times  

Markets are often curious to decipher the motive and timing of policy decisions, apart from the possible impact. If the ₹2,000 notes are converted into smaller denominations, there is no impact on overall currency in circulation, but in case of these being deposited into bank accounts, cash in the system will drop immediately, and bank deposit growth will pick up. …

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, …

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 …

₹2,000 notes reach banks amid hiccups
1 year, 7 months ago

₹2,000 notes reach banks amid hiccups

The Hindu  

The four-month window to exchange ₹2,000 currency notes opened on Tuesday with small queues and confusion at some banks over the requirement of identity cards such as PAN or Aadhaar, and requisition slips. Nearly 100 people turned up at a Union Bank branch in Connaught Place to exchange ₹2,000 notes. In the past two days, the SBI had seen estimated …

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