From Rs 2,000 notes to mutual fund, list of big changes impacting your financial life from October 1 | DETAILS
1 year, 5 months ago

From Rs 2,000 notes to mutual fund, list of big changes impacting your financial life from October 1 | DETAILS

India TV News  

The users will experience several changes in personal finance from October 1 this year with the deadlines for adding nominees for mutual fund folios, demat account, and trading accounts ending on 30 September 2023. Here is the list of changes impacting personal finance from October 1: Adding nominees for all existing Mutual Fund The deadline to add nominees for all existing mutual fund folios was set till September 30. New TCS rules The user will be subjected to a 20 per cent TCS from October 1 if the overseas expenses on credit cards cross Rs 7 lakh. According to a circular of the market regulator, “Based on the assessment of the trading as well as demat accounts in which choice of nomination details has not been updated and on the basis of representations received from the stakeholders, it has been decided that the provisions mentioned at para 7 of SEBI circular dated July 23, 2021, read with para 3 of SEBI circular dated February 24, 2022, with regard to freezing of accounts shall come into force with effect from September 30, 2023 instead of March 31, 2023”.

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History of this topic

98.08% of ₹2000 notes returned, banknotes worth ₹6,839 crore still in market: RBI
3 months, 2 weeks ago

98.08% of ₹2000 notes returned, banknotes worth ₹6,839 crore still in market: RBI

The Hindu  

The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when its withdrawal was announced, has declined to ₹6,839 crore at the close of business on November 29, 2024, the Reserve Bank of India said on Tuesday. The facility for exchange of the ₹2,000 banknotes is available at …

97.76 per cent of Rs 2,000 currency notes returned, says RBI
10 months, 2 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
1 year 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, …

RBI not considering re-introduction of Rs 1,000 notes: Sources
1 year, 5 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. …

What options are available after deadline to exchange Rs 2,000 notes is over? | DETAILS
1 year, 5 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, 5 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 …

Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
1 year, 5 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, 5 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 last date of depositing Rs 2000 notes to October 7
1 year, 5 months ago

RBI extends last date of depositing Rs 2000 notes to October 7

Op India  

On Saturday, September 30, the Reserve Bank of India issued a press release wherein it specified that the last date for depositing Rs 2000 notes has been extended to October 7, which means that the public has another week to deposit the currency in the banks. The options specified are as follows: Rs 2000 banknotes can continue to be exchanged …

RBI extends deadline for exchange of ₹2,000 notes till October 7
1 year, 5 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 …

New deadline for exchange of Rs 2000 notes announced
1 year, 5 months ago

New deadline for exchange of Rs 2000 notes announced

India TV News  

September 30 was the last date to exchange the Rs 2000 note. Reserve Bank of India in a notification said, "As the period specified for the withdrawal process has come to an end, and based on a review, it has been decided to extend the current arrangement for the deposit/exchange of Rs 2000 banknotes until October 07, 2023." The Reserve …

RBI extends deadline to exchange ₹2,000 notes till October 7
1 year, 5 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 …

PF changes from October 1: New TCS rules, birth certificate single document for multiple purposes and more
1 year, 5 months ago

PF changes from October 1: New TCS rules, birth certificate single document for multiple purposes and more

Live Mint  

A number of finance-related changes will come into effect this October. The changes – from new tax collection at source rules to birth certificates becoming a single document for various purposes like Aadhaar and government jobs – will be effective from October 1 across the country. Small savings accounts to be suspended if Aadhaar not submitted Current holders of small …

RBI Extends Deadline to Exchange Rs 2000 Notes
1 year, 5 months ago

RBI Extends Deadline to Exchange Rs 2000 Notes

Deccan Chronicle  

The Reserve Bank of India has extended the deadline to exchange ₹2,000 denomination notes. This notification came today after reports suggested that 30 September deadline to return ₹2000 notes is likely to get extended till October end. On 19 May, RBI removed the ₹2000 notes from circulation and gave nearly four months to deposit or exchange the notes. Earlier on …

Last date for exchanging Rs 2,000 notes is September 30, know options after the deadline
1 year, 5 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 …

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1
1 year, 5 months ago

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1

Hindustan Times  

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. Mutual fund folios nomination: The deadline to designate nominees for all existing mutual fund folios, including jointly-held ones, is September 30, 2023. Sebi nomination deadline for demat, trading accounts: The cutoff date for eligible existing trading and demat account holders …

Still have Rs 2,000 notes? Here’s what happens if you miss 30 Sept deadline
1 year, 5 months ago

Still have Rs 2,000 notes? Here’s what happens if you miss 30 Sept deadline

Firstpost  

While the Rs 2,000 notes will remain legal tender even after 30 September, citizens will be unable to conduct any transactions with them. Holders will have to get the notes exchanged at RBI’s regional offices and also explain why they could not do so before the deadline lapsed In May, the Reserve Bank of India announced that Rs 2,000 currency …

Rs 2,000 note exchange, deposit deadline nears: All you need to know
1 year, 6 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- …

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt
1 year, 7 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, 7 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, 8 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, 8 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 …

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin
1 year, 8 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, 9 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 …

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea
1 year, 9 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 exchange/ deposit: Know rules for SBI, HDFC, ICICI, other banks
1 year, 9 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 …

₹2,000 note move may have marginal impact
1 year, 9 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. …

Rs 2000 Note Exchange: Punjab National Bank Clarifies There's No Need To Show ID Card, Fill Form
1 year, 9 months ago

Rs 2000 Note Exchange: Punjab National Bank Clarifies There's No Need To Show ID Card, Fill Form

ABP News  

State-run lender Punjab National Bank on Tuesday said there is no need to show any identity proof such as Aadhaar card or present any official verified documents as well as need to fill any form at any of its branches to exchange Rs 2000 currency notes, according to news agency ANI. The latest notification comes from PNB after old bank …

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das
1 year, 9 months ago

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

The Hindu  

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed on May 22 there is no need to rush to the banks and signalled the last date is only meant to nudge people to return the notes soon. Speaking …

RBI Expects Return Of Most Rs 2,000 Banknotes In Circulation By September 30: Governor Shaktikanta Das
1 year, 9 months ago

RBI Expects Return Of Most Rs 2,000 Banknotes In Circulation By September 30: Governor Shaktikanta Das

ABP News  

The Reserve Bank of India Governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30. While the withdrawn 2,000 rupee notes can either be deposited in bank accounts or exchange for other currency, banks have been advised to make necessary arrangements for exchange, he said. …

Rs 2,000 note will continue to be legal tender, no reason to rush to banks: RBI
1 year, 9 months ago

Rs 2,000 note will continue to be legal tender, no reason to rush to banks: RBI

India TV News  

Shaktikanta Das, governor of the Reserve Bank of India, said on Monday that no one should rush to return or exchange their 2,000 rupee notes, a day before people start approaching banks to give up the high-value notes. The chief of the RBI added, "Rs 2000 bank notes were introduced primarily to replenish the notes withdrawn following demonstration." The governor …

Jewellers getting more inquiries for gold after RBI withdraws Rs 2,000 notes | Here are full details
1 year, 10 months ago

Jewellers getting more inquiries for gold after RBI withdraws Rs 2,000 notes | Here are full details

India TV News  

Rs 2,000 note ban: Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation. In fact in the last two days, the actual gold purchase has been less in exchange of Rs 2,000 notes …

What to do with 2,000 rupee notes? How to exchange?
1 year, 10 months ago

What to do with 2,000 rupee notes? How to exchange?

India Today  

All Rs 2,000 notes need to be deposited or exchanged with the bank latest by September 30, 2023, as the Reserve Bank of India has announced the withdrawal of Rs 2,000 notes from circulation, under the clean note policy. The objective of the Reserve Bank's clean note policy is to provide good quality currency notes and coins to the citizens. …

RBI to withdraw ₹2,000 notes from circulation
1 year, 10 months ago

RBI to withdraw ₹2,000 notes from circulation

The Hindu  

The Reserve Bank of India, on May 19, decided to withdraw ₹2,000 note from circulation. “In view of the above, and in pursuance of the ‘Clean Note Policy’ of the Reserve Bank of India, it has been decided to withdraw the ₹2,000 denomination bank notes from circulation,” the RBI said. “Members of the public are encouraged to utilise the time …

Rs 2,000 notes to be withdrawn from circulation. Funny reactions flood social media
1 year, 10 months ago

Rs 2,000 notes to be withdrawn from circulation. Funny reactions flood social media

India TV News  

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that Rs 2,000 currency notes will be withdrawn from circulation, however, the existing notes that are in circulation can either be deposited in bank accounts or exchanged by September 30, 2023. The bank notes in Rs 2,000 denomination will continue to be a legal tender, the …

'First Act, Second Think': Opposition as RBI withdraws Rs 2,000 notes
1 year, 10 months ago

'First Act, Second Think': Opposition as RBI withdraws Rs 2,000 notes

India Today  

The Opposition lashed out at the Centre and Prime Minister Narendra Modi after the Reserve Bank of India announced that it has decided to withdraw Rs 2,000 notes from circulation and asked people to exchange their notes by September 30. 2,000 rupee notes introduced with such fanfare after that singularly disastrous Tughlaqi firman of Nov 8 2016 are now being …

What will happen to ₹2000 notes after September 30?
1 year, 10 months ago

What will happen to ₹2000 notes after September 30?

Hindustan Times  

Clarifying the possible confusion regarding the status of the ₹2000 banknotes, the Reserve Bank of India has confirmed that the high-denomination notes will maintain their legal tender status even after September 30, 2023. To facilitate the process, the central bank has advised the public to approach their respective bank branches after May 23, 2023, for depositing and/or exchanging the ₹2000 …

RBI website crashes after announcing the scrapping of ₹2,000 notes
1 year, 10 months ago

RBI website crashes after announcing the scrapping of ₹2,000 notes

Hindustan Times  

After the Reserve Bank of India announced the scrapping of the seven-year-old ₹2000 notes, the official website of the central bank crashed as people rushed to know more details about the announcement. Earlier, the website had faced a similar fate following heavy traffic after PM Narendra Modi's surprise demonetisation of ₹500 and ₹1,000 notes in November 2016. Notably, the ₹2,000 …

Rs 2,000 notes to be withdrawn from circulation. Why you should not panic? | 5 points
1 year, 10 months ago

Rs 2,000 notes to be withdrawn from circulation. Why you should not panic? | 5 points

India TV News  

The Reserve Bank of India on Friday announced that Rs 2,000 currency notes will be withdrawn from circulation, however, the notes will continue to be legal tender till September 30, a statement said. RBI has asked banks to provide deposit and/or exchange facilities for Rs 2,000 notes until September 30, 2023. People can deposit, and exchange Rs 2,000 currency notes …

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender
1 year, 10 months ago

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender

Live Law  

The Reserve Bank of India today announced that it will withdraw ₹2000 notes from circulation. However, the currency will continue as Legal Tender.As per RBI, this denomination is not commonly used for transactions.People may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch, RBI said. People may deposit ₹2000 banknotes …

RBI to withdraw ₹2000 currency note from circulation
1 year, 10 months ago

RBI to withdraw ₹2000 currency note from circulation

Hindustan Times  

The Reserve Bank of India on Friday withdrew ₹2,000 currency notes from circulation. The ₹2,000 denomination bank note was introduced in November 2016 after the Modi government had introduced demonetisation of ₹500 and ₹1,000 notes. As per RBI, the objective of introducing ₹2,000 notes was met once banknotes in other denominations became available in adequate quantities. The people may deposit …

RBI to withdraw Rs 2,000 notes from circulation: All you need to know
1 year, 10 months ago

RBI to withdraw Rs 2,000 notes from circulation: All you need to know

Firstpost  

The public can deposit Rs 2,000 notes into their bank accounts or exchange them for notes of other denominations at any bank branch from 23 May RBI will withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender till 30 September 2023. Here’s everything that you need to know as per the RBI statement: The …

Demonetisation has come full circle: P Chidambaram as Rs 2,000 notes withdrawn
1 year, 10 months ago

Demonetisation has come full circle: P Chidambaram as Rs 2,000 notes withdrawn

India Today  

Reacting to the RBI withdrawing the Rs 2,000 currency notes from circulation, former Finance Minister P Chidambaram on Friday said the demonitisation of 2016 has come a full circle as he predicted that Rs 1,000 notes may soon come back. We said this in November 2016 and we have been proved correct The Rs 2000 note was a band-aid toâ€æ …

Cash withdrawal and deposit rules as of 3 April
7 years, 11 months ago

Cash withdrawal and deposit rules as of 3 April

Live Mint  

New Delhi: The Reserve Bank of India’s deadline to exchange the old Rs500, Rs1,000 currency notes for Indians who were abroad between 10 November and 30 December 2016 ended on Friday. Here’s a list of cash withdrawal and deposit rules as of 3 April: ■ Old Rs500, Rs1,000 currency notes: The facility for exchange of the scrapped old Rs500, Rs1,000 …

No proposal to withdraw new Rs 2,000 notes: Finance Minister Arun Jaitley
8 years ago

No proposal to withdraw new Rs 2,000 notes: Finance Minister Arun Jaitley

Firstpost  

The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from 9 November, 2016. New Delhi: Finance Minister Arun Jaitley today said there is no proposal to withdraw the Rs 2,000 notes that were introduced post demonetisation. “There is no proposal to withdraw the Rs 2,000 denomination …

No proposal to withdraw Rs 2,000 notes: Arun Jaitley
8 years ago

No proposal to withdraw Rs 2,000 notes: Arun Jaitley

India TV News  

Finance Minister Arun Jaitley today said there is no proposal to withdraw the Rs 2,000 notes that were introduced post demonetisation. The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016. "There is no proposal to withdraw the Rs 2,000 denomination banknote," the …

No plans to introduce Rs 1,000 notes: Economic Affairs Secretary Shaktikanta Das
8 years ago

No plans to introduce Rs 1,000 notes: Economic Affairs Secretary Shaktikanta Das

Firstpost  

He also said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need. New Delhi: The government has no plans to introduce Rs 1,000 notes and the focus is on increasing production of lower denomination currencies, Economic Affairs Secretary Shaktikanta Das said today. — Shaktikanta Das February 22, 2017 …

Bank deposits in old notes over Rs 5000 only once till Dec 30: RBI
8 years, 3 months ago

Bank deposits in old notes over Rs 5000 only once till Dec 30: RBI

India TV News  

In the latest move to curb the laundering of unaccounted cash into bank accounts, the Reserve Bank of India today said that deposits over Rs 5000 in old Rs 500 and Rs 1000 denominations can be made only once per account before December 30. The money will be credited to the account only after receiving a satisfactory reply from the …

New Rs 2,000 notes to be phased out within 5 years, says RSS ideologue Gurumurthy
8 years, 3 months ago

New Rs 2,000 notes to be phased out within 5 years, says RSS ideologue Gurumurthy

India Today  

In the first indication of the government's future policy on currency, a top RSS ideologue consulted in decision-making has told India Today that the new 2,000-rupee notes would also be phased out gradually in the years to come. But the new biggest notes, he said, would also be "phased out" gradually. If anything remains, like 5-10 to 20% notes, they …

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