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. Mr. Updhyay has filed an appeal in the top court against the May 29 decision of the Delhi High Court dismissing his PIL challenging the notifications by the Reserve Bank of India and the State Bank of India allowing exchange of ₹2,000 banknotes without having to furnish any document. On May 19, the RBI had announced withdrawal of ₹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

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 …

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 …

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. …

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 …

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- …

Last date to exchange ₹2000 at banks nears; check list of bank holidays in Sept
1 year, 3 months ago

Last date to exchange ₹2000 at banks nears; check list of bank holidays in Sept

Live Mint  

Many people are still approaching banks to exchange or deposit their ₹2000 banknotes after the Reserve Bank of India removed them from circulation on 19 May 2023. According to the RBI press release issued on May 19, 2023, "The facility for deposit and/or exchange of ₹2000 banknotes shall be available for members of the public up to September 30, 2023.The …

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. …

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 …

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 …

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 …

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 …

Supreme Court Again Rejects Ashwini Upadhyay's Plea For Urgent Listing Of Plea Related To Exchange Of Rs 2000 Currency Notes
1 year, 6 months ago

Supreme Court Again Rejects Ashwini Upadhyay's Plea For Urgent Listing Of Plea Related To Exchange Of Rs 2000 Currency Notes

Live Law  

The Supreme Court on Friday rejected a third mentioning made by Advocate Ashwini Upadhyay seeking urgent listing for his his petition challenging Reserve Bank of India and State Bank of India's notifications that permit exchange of Rs. 2000 currency notes without requirement of any identity proof.A Vacation Bench comprising Justice Aniruddha Bose and Justice Rajesh Bindal pointed. A Vacation Bench …

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 …

RBI not thinking of withdrawing ₹500, re-introducing ₹1,000 notes: Governor
1 year, 6 months ago

RBI not thinking of withdrawing ₹500, re-introducing ₹1,000 notes: Governor

Hindustan Times  

Addressing the Post Monetary Policy briefing on Thursday, Reserve Bank of India governor Shaktikanta Das said that there is no intention to remove ₹500 banknotes or reintroduce ₹1,000 denomination notes at this time, calling it speculation. RBI governor said there are no plans to withdraw ₹ 500 notes "RBI not thinking of withdrawing ₹500 notes, or re-introducing notes in ₹1,000 …

“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 …

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 …

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. …

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 …

₹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. …

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, …

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