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. In December 2013, the RBI issued a statement as part of its clean note policy, asking banks to exchange soiled notes of even non-customers and issue only good quality clean notes to the public. The RBI Act 1934's Section 27 states that “No person shall, on any premises where banknotes are kept or handled, soil, deface, disfigure or destroy any banknote.” Rs 2,000 NOTE SAGA, HOW IT ALL BEGAN The RBI began printing Rs 2,000 notes in 2016 after Prime Minister Narendra Modi announced the demonetisation of Rs 1,000 and Rs 500 notes.

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History of this topic

RBI to issue Rs 100 and Rs 200 notes - Here's what will be new in these new currency notes
2 weeks, 5 days ago

RBI to issue Rs 100 and Rs 200 notes - Here's what will be new in these new currency notes

India TV News  

RBI to issue Rs 100 and Rs 200 notes - Here's what will be new in these new currency notes Malhotra took over as RBI Governor in December 2024, replacing Shaktikanta Das who demitted office after completion of his extended term. "The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma …

98.18 per cent of Rs 2000 notes returned: RBI
4 weeks, 2 days ago

98.18 per cent of Rs 2000 notes returned: RBI

Deccan Chronicle  

Mumbai: The Reserve Bank on Saturday said 98.18 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,471 crore worth such notes are still with the public. "Thus, 98.18 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement. …

Over 19 months since withdrawal, ₹2,000 currency notes worth ₹6,700 crore still unreturned, says RBI
2 months, 4 weeks ago

Over 19 months since withdrawal, ₹2,000 currency notes worth ₹6,700 crore still unreturned, says RBI

Live Mint  

More than one and a half years after the Reserve Bank of India announced the withdrawal of ₹2,000 banknotes, 1.88 per cent of the currency notes have yet to be returned, according to the latest RBI data as of January 1, 2025. This means 98.12 per cent of the ₹2000 banknotes in circulation as of May 19, 2023, have been …

₹2000 notes withdrawal: ₹6,691 cr worth such notes still with public
Trending News
2 months, 4 weeks ago

₹2000 notes withdrawal: ₹6,691 cr worth such notes still with public

Live Mint  

Mumbai, Jan 1 The Reserve Bank on Wednesday said 98.12 per cent of the ₹2000 banknotes have been returned to the banking system, and only ₹6,691 crore worth such notes are still with the public. "Thus, 98.12 per cent of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned," it said in a statement. From …

RBI says 98.08% of ₹2,000 currency notes returned. What to do if you still haven't?
3 months, 4 weeks 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 …

98.08% of ₹2000 notes returned, banknotes worth ₹6,839 crore still in market: RBI
3 months, 4 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 …

Nearly 1.5 years after being discontinued, ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI
4 months, 3 weeks ago

Nearly 1.5 years after being discontinued, ₹7,000-crore worth ₹2,000 banknotes yet to be returned to RBI

Live Mint  

Nearly one-and-a-half years after the Reserve Bank of India announced withdrawal of ₹2,000 denomination banknotes on May 19, 2023, the total value of banknotes which have yet not been returned stands at ₹6,977.6 crore as on Oct 31, 2024, shows the RBI data. The latest data revealed that the currency banknotes which have already been returned comprise 98.04 percent of …

97.87 pc of Rs 2000 notes returned, Rs 7,581 crore still in circulation, continue to be legal tender: RBI
8 months, 4 weeks ago

97.87 pc of Rs 2000 notes returned, Rs 7,581 crore still in circulation, continue to be legal tender: RBI

India TV News  

The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday. "Thus, 97.87 per cent of the Rs …

97.76 per cent of Rs 2,000 currency notes returned, says RBI
10 months, 4 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 …

TTD Completes Exchange of Rs 3.2 cr Worth Demonetized Rs 2,000 Notes
11 months ago

TTD Completes Exchange of Rs 3.2 cr Worth Demonetized Rs 2,000 Notes

Deccan Chronicle  

Tirupati: The Tirumala Tirupati Devasthanams, which manages the world-renowned Sri Venkateswara Temple in Tirumala, has successfully exchanged demonetized Rs 2,000 notes worth Rs 3.2 crore with the Reserve Bank of India. According to sources on Thursday, the exchange process took place in five phases, starting from October 8, 2023 and continued till March 22, 2024, following the RBI's decision to …

97.69 per cent of Rs 2000 currency notes returned, Rs 8,202 crore yet to come: RBI
11 months, 4 weeks ago

97.69 per cent of Rs 2000 currency notes returned, Rs 8,202 crore yet to come: RBI

India TV News  

97.69 per cent of Rs 2000 currency notes returned, Rs 8,202 crore yet to come: RBI The Reserve Bank of India said the Rs 2,000 notes, that were in circulation till May 19, 2023, continue to be legal tender. Mumbai: The Reserve Bank of India reported on Monday that nearly 97.69 percent of the Rs 2000 denomination banknotes have been …

₹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, …

Impact of ₹2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in February
1 year, 1 month 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
1 year, 2 months 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, 3 months 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, 4 months 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, 5 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, 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 …

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor
1 year, 5 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, 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, 6 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, 6 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, 6 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, 6 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, 6 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, 6 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 …

Still have Rs 2,000 notes? Here’s what happens if you miss 30 Sept deadline
1 year, 6 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 …

From Rs 2,000 notes to mutual fund, list of big changes impacting your financial life from October 1 | DETAILS
1 year, 6 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 …

Starting today, You can’t use ₹2,000 notes HERE
1 year, 6 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, 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- …

93% of ₹2000 notes returned to banks: RBI
1 year, 6 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 …

Last date to exchange ₹2000 at banks nears; check list of bank holidays in Sept
1 year, 7 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, 7 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, 8 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, 8 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, 8 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, 9 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, 9 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, 9 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, 9 months ago

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

ABP News  

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

Half of Rs 2,000 notes in circulation back in system: RBI Governor
1 year, 9 months ago

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

Deccan Chronicle  

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

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

Half of withdrawn ₹2,000 bank notes return to banks, mostly as deposits: RBI governor
1 year, 9 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, 9 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, 9 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, 9 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, 9 months ago

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

ABP News  

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

Currency In Circulation Rises In Value, Volume In FY23, Says RBI's Annual Report
1 year, 10 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, …

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