Why has RBI withdrawn Rs 2000 notes? How is this different from demonetisation?
1 year, 7 months ago

Why has RBI withdrawn Rs 2000 notes? How is this different from demonetisation?

Firstpost  

The Rs 2000 denomination of banknotes will no longer be in use. “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 Rs 2000 denomination banknotes from circulation,” the RBI said. Reserve Bank of India has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect though banknotes in Rs 2000 denomination will continue to be legal tender. The total value of these banknotes in circulation declined from Rs 6.73 lakh crore at its peak on 31 March 2018 to Rs 3.62 lakh crore constituting only 10.8 per cent of notes in circulation on 31 March 2023,” the RBI said. Until 30 September 2023, all banks will still accept deposits into accounts and exchanges for Rs 2000 banknotes, the central bank said.

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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?
3 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 …

97.87 pc of Rs 2000 notes returned, Rs 7,581 crore still in circulation, continue to be legal tender: RBI
5 months, 3 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
7 months, 3 weeks ago

97.76 per cent of Rs 2,000 currency notes returned, says RBI

India TV News  

The Reserve Bank of India revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial …

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

The Science Quiz | Security features of rupee notes

The Hindu  

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

₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI
9 months, 3 weeks ago

₹2,000 banknotes worth ₹8,470 crore still in circulation, says RBI

The Hindu  

More than 9 months since the Reserve Bank of India announced to withdraw ₹2000 banknotes, about ₹8,470 crore worth ₹2,000 banknotes were still in circulation as on February 29, 2024 as per updates provided by the central bank. “The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, …

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 …

New deadline for exchange of Rs 2000 notes announced
1 year, 2 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, 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 …

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 …

Still have Rs 2,000 notes? Here’s what happens if you miss 30 Sept deadline
1 year, 2 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, 3 months ago

Rs 2,000 note exchange, deposit deadline nears: All you need to know

India TV News  

Rs 2,000 note : The deadline to exchange or deposit the Rs 2,000 note is inching closer in India. 2,000 rupee notes deposits made in RBI: The Reserve Bank of India said that as much as 93 per cent of Rs 2,000 currency notes that were in circulation on May 19- the day when the currency was withdrawn from circulation- …

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

93% of ₹2000 notes returned to banks: RBI

Hindustan Times  

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

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. …

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 …

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 …

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 …

Half of Rs 2,000 notes in circulation back in system: RBI Governor
1 year, 6 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, 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 …

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 …

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 …

‘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 …

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 …

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 …

‘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, 7 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, …

Entire process of Rs 2000 notes withdrawal will be non-disruptive: RBI Governor
1 year, 7 months ago

Entire process of Rs 2000 notes withdrawal will be non-disruptive: RBI Governor

Deccan Chronicle  

New Delhi: Reserve Bank Governor Shaktikanta Das on Wednesday stressed that the entire process of withdrawal of Rs 2000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly. The Reserve Bank of India on Friday announced the withdrawal of Rs 2000 denomination banknotes as part of its currency management. Replying to questions at an event …

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 …

Himachal: Devotee donates ₹8 lakh in ₹2,000 notes at Jawalaji Temple
1 year, 7 months ago

Himachal: Devotee donates ₹8 lakh in ₹2,000 notes at Jawalaji Temple

Hindustan Times  

Two days after the Reserve Bank of India announced the withdrawal of ₹2,000 banknotes from circulation, the authorities at Jwalaji Temple in Kangra district found 400 notes of the denomination in its donation box. A day after the Reserve Bank of India announced the withdrawal of ₹ 2,000 banknotes from circulation, the authorities at Jawalaji Temple in Kangra district found …

RBI defends before Delhi HC ₹2,000 banknote exchange exercise
1 year, 7 months ago

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Hindu  

The Reserve Bank of India on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience. The petitioner has contended in his plea that notifications by the RBI and SBI enabling exchange of ₹2,000 banknotes without requisition slip and identity …

Rs 2000 note withdrawal: Delhi HC reserves order on PIL against RBI allowing exchange without ID proof
1 year, 7 months ago

Rs 2000 note withdrawal: Delhi HC reserves order on PIL against RBI allowing exchange without ID proof

India TV News  

Delhi HC on Rs 2,000 notes: The Delhi High Court on Tuesday reserved the order on a Public Interest Litigation challenging Reserve Bank of India and State Bank of India notifications allowing the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof. The plea had been moved by Bharatiya Janata Party leader and advocate Ashwini Kumar …

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 …

Zomato shares hilarious meme as customers use Rs 2000 notes for most COD orders, Twitter users react
1 year, 7 months ago

Zomato shares hilarious meme as customers use Rs 2000 notes for most COD orders, Twitter users react

India TV News  

Trending News: The Reserve Bank of India recently announced that the 2000 rupee notes will no longer be in circulation starting from May 19, 2023. They revealed that after the RBI's announcement, 72% of their cash on delivery orders were paid using the 2000 rupee notes. A third user humorously suggested that Zomato could partner with the State Bank of …

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 …

'PM Modi was not at all in favour of Rs 2,000 notes,' says Former Principal Secretary
1 year, 7 months ago

'PM Modi was not at all in favour of Rs 2,000 notes,' says Former Principal Secretary

India TV News  

Prime Minister Narendra Modi was not at all in favour of Rs 2,000 notes as he never considered it to be as note of the poor but as demonetisation was to be done in a limited time, he gave reluctant permission for it, said Nripendra Misra, Former Principal Secretary to the Prime Minister. But, as demonetisation was to be done …

A day after loudly talking about Rs 2000 and food orders, Zomato quietly says it is a joke
1 year, 7 months ago

A day after loudly talking about Rs 2000 and food orders, Zomato quietly says it is a joke

India Today  

Update: A day after Zomato tweeted that many of its cash-on-delivery orders were getting paid with Rs 2000 notes, the company has quietly said that this was a joke. Hours later Zomato, in a tweet, wrote that people have started paying for food orders via Rs 2,000 notes. --------- ''Original story follows'' Reserve Bank of India recently announced its decision …

'Red carpet to exchange notes': P Chidambaram's black money dig at Centre over RBI rule
1 year, 7 months ago

'Red carpet to exchange notes': P Chidambaram's black money dig at Centre over RBI rule

India TV News  

Former Union Minister P Chidambaram on Monday took a dig at the Centre after RBI's decision to withdraw Rs 2,000 notes from circulation saying BJP's spin that the notes are being withdrawn to unearth black money stands demolished as the banks have clarified that no identity, no forms and no proof will be required to exchange them. In a long …

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. …

Congress cries foul over phasing out of Rs 2000 currency notes: How several Congress govt followed the ‘demonetisation’ path to control black money
1 year, 7 months ago

Congress cries foul over phasing out of Rs 2000 currency notes: How several Congress govt followed the ‘demonetisation’ path to control black money

Op India  

On 19th May 2023, the Reserve Bank of India announced that it is withdrawing the circulation of ₹2000 currency notes. But while accusing the Modi government of miscalculating demonetisation in 2016 and withdrawing Rs 2000 notes in 2023, congress has forgotten the currency decisions it took. In the first demonetisation, Rs 500, Rs 1,000 and Rs 10,000 notes were demonetised …

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 …

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