Hyderabad Struggles with ₹2,000 Notes as Some Establishments Refuse to Accept Them
1 year, 6 months ago

Hyderabad Struggles with ₹2,000 Notes as Some Establishments Refuse to Accept Them

Deccan Chronicle  

Hyderabad: Weeks after the RBI decided to withdraw ₹2,000 denomination currency notes from circulation, people were still finding it to use them in the market though they continue to be legal tender. Despite this, hotel staff at an eatery in Lakdikapul are treating them as invalid," said Mohan Beesa, a customer whose birthday lunch at a restaurants turned embarassing when it was time to pay the bill. "My husband and I spent more than an hour to pick six items and we were told about their refusal to accept ₹2,000 notes only afterwards,” said Shanti Anuma. “They weren't accepting UPI payments, saying their network was down.” She had to go to an ATM to withdraw cash and clear the bill.

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History of this topic

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 …

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 …

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 …

₹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 …

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 …

RBI Extends Deadline to Exchange Rs 2000 Notes
1 year, 2 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 …

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 …

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 …

‘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 …

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 …

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. …

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 …

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 …

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, …

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 …

Rs 2000 Note Exchange: Punjab National Bank Clarifies There's No Need To Show ID Card, Fill Form
1 year, 7 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 …

Slow withdrawal: on the RBI and the ₹2,000 note
1 year, 7 months ago

Slow withdrawal: on the RBI and the ₹2,000 note

The Hindu  

The Reserve Bank of India’s May 19 announcement that ₹2,000 banknotes would be withdrawn from circulation, coming just over seven-and-a-half years since the economically deleterious demonetisation of ₹500 and ₹1,000 notes, has triggered a sense of déjà vu. While Prime Minister Narendra Modi’s decision in November 2016, to abruptly and completely rescind the legal tender status of the then available …

RBI Expects Return Of Most Rs 2,000 Banknotes In Circulation By September 30: Governor Shaktikanta Das
1 year, 7 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. …

Impact of ₹2,000 notes withdrawal ‘very very marginal’ on economy: RBI Governor
1 year, 7 months ago

Impact of ₹2,000 notes withdrawal ‘very very marginal’ on economy: RBI Governor

The Hindu  

Reserve Bank Governor Shaktikanta Das on Monday said the impact of withdrawal of ₹2,000 currency notes will be “very very marginal” on the economy because it accounts for only 10.8% of currency in circulation. Asked if ₹2,000 notes will continue to be a legal tender, Mr. Das said “It will continue as legal tender. On whether it will impact India’s …

Rs 2,000 note will continue to be legal tender, no reason to rush to banks: RBI
1 year, 7 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 …

Will Rs 1,000 notes make a comeback? Here's what RBI Governor says
1 year, 7 months ago

Will Rs 1,000 notes make a comeback? Here's what RBI Governor says

India TV News  

Will Rs 1,000 notes make a comeback after the Reserve Bank of India announced the discontinuation of Rs 2,000 currency notes from the market. Well speaking on the matter, RBI Governor Shaktikanta Das has said that the RBI does not have any plans to re-introduce Rs 1,000 notes after its order to withdraw Rs 2,000 denomination from circulation. The Reserve …

Customers rush to exchange ₹2000 notes; ‘no change’, say fuel pumps
1 year, 7 months ago

Customers rush to exchange ₹2000 notes; ‘no change’, say fuel pumps

Hindustan Times  

New Delhi: Petrol pumps are facing the heat of the ₹2,000 banknote withdrawal as customers are thronging with the high-value currency notes from Friday late to buy fuel worth as little as ₹100 or ₹200, forcing many outlets to put up notices that they would not be able to give change for ₹2,000 due to unavailability of notes of smaller …

Those who accumulated Rs 2,000 notes illegally are crying over RBI's decision to withdraw them: Anil Vij
1 year, 7 months ago

Those who accumulated Rs 2,000 notes illegally are crying over RBI's decision to withdraw them: Anil Vij

Firstpost  

Haryana’s Home Minister Anil Vij has said that those who accumulated Rs 2,000 currency notes illegally are the ones crying over the Reserve Bank of India’s decision to withdraw them from circulation. In a surprise move, the RBI on Friday announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either …

₹2,000 notes withdrawn: most city residents not bothered; a few peeved
1 year, 7 months ago

₹2,000 notes withdrawn: most city residents not bothered; a few peeved

The Hindu  

Residents of the Capital seem unaffected by the Reserve Bank of India’s decisions to pull out ₹2,000 notes from circulation, as many of them have not seen the currency in a while. Vijay Rajput, a grocery shop owner at Laxmi Nagar, said, “Small business owners like us don’t have ₹2,000 currency. People with big businesses and transactions in crores might …

India announces surprise withdrawal of highest-value banknotes
1 year, 7 months ago

India announces surprise withdrawal of highest-value banknotes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India is withdrawing its highest …

Why RBI is withdrawing Rs 2,000 notes from circulation?
1 year, 7 months ago

Why RBI is withdrawing Rs 2,000 notes from circulation?

India TV News  

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. The exchange of Rs 2,000 notes into bank notes of other denominations can be made upto a limit of Rs 20,000 at a …

RBI to withdraw ₹2,000 notes from circulation
1 year, 7 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, 7 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, 7 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 …

Rs 2,000 Notes Will Remain Legal Tender Even After Sept 30. All Your Questions Answered
1 year, 7 months ago

Rs 2,000 Notes Will Remain Legal Tender Even After Sept 30. All Your Questions Answered

ABP News  

The Reserve Bank of India has announced the withdrawal of Rs 2,000 denomination banknotes from circulation while clarifying that existing Rs 2,000 notes will remain legal tender. Hence, in line with the "Clean Note Policy," the decision to withdraw Rs 2000 banknotes from circulation has been made, the central bank said. RBI said, "To ensure convenience for the public, a …

RBI withdraws ₹2000 notes from circulation: Read full text
1 year, 7 months ago

RBI withdraws ₹2000 notes from circulation: Read full text

Live Mint  

The Reserve Bank of India has decided to withdraw the ₹2000 denomination notes from circulation. In its announcement, the RBI said, “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 ₹2000 denomination banknotes from circulation. The banknotes in ₹2000 denomination will continue to …

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender
1 year, 7 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 pull out ₹2,000 notes from active circulation
1 year, 7 months ago

RBI to pull out ₹2,000 notes from active circulation

The Hindu  

The Reserve Bank of India on May 19 decided to withdraw ₹2,000 denomination banknotes from circulation in pursuance of its “Clean Note Policy”. The central bank has advised the public to deposit ₹2,000 notes into their bank accounts and/or exchange them into banknotes of other denominations at any branch. “Members of the public are encouraged to utilise the time up …

RBI to withdraw Rs 2,000 notes from circulation: All you need to know
1 year, 7 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 …

All about RBI's clean note policy, under which it has withdrawn Rs 2,000 notes
1 year, 7 months ago

All about RBI's clean note policy, under which it has withdrawn Rs 2,000 notes

India Today  

The Reserve Bank of India, while announcing the withdrawal of Rs 2,000 notes from circulation on Friday, said it is being done under the "clean note policy". Under the clean note policy, banks and financial institutions are required to withdraw unfit or damaged notes from circulation and replace them with new ones. In December 2013, the RBI issued a statement …

Demonetisation has come full circle: P Chidambaram as Rs 2,000 notes withdrawn
1 year, 7 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 …

RBI to withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender
1 year, 7 months ago

RBI to withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender

India TV News  

Reserve Bank of India on Friday said it will withdraw Rs 2000 currency note from circulation. RBI advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect though banknotes in Rs 2,000 denomination. The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited …

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