2000 note ban

LIVE UPDATES | Rs 2000 Note BANNED From Cirulation (Rs 2,000 Note Demonetisation by RBI): In a big announcement, Reserve Bank of India on Friday said that Rs 2000 notes will be banned from circulation. The Reserve Bank of India said that those who have the Rs 2000 notes will have to exchange them on or before 30th September, 2023. The currency notes' exhange have started today (23rd May, 2023). The Rs 2000 notes, that are still in circulation, will not be demonetised as of now - i.e. they can be used for payments till 30th September. Live UPDATES | Rs 2000 Notes Circulation Ban What to do with Rs 2000 notes | How to exchange Rs 2000 notes | How to deposit Rs 2000 notes - Reach out to nearest bank: People who have Rs 2000 notes with them can exchange the notes in any bank from May 23. - The can also deposit them in their own accounts from May 23, 2023, onwards. - The facility will be available till September 30, 2023. - You can also exchange notes with Business Correspondents (BCs) (Limit Rs 4,000) AAP Slams Rs 2000 Note Circulation Ban "This whole concept of starting the circulation, stopping the circulation of notes, or issuing of new notes, was started by PM Modi and the economy suffered due to this... I don't know what will be the pros and cons of this step but I hope the decision was taken by the experts," says Delhi Minister Saurabh Bharadwaj on RBI's decision to withdraw Rs 2,000 currency notes from circulation. Rs 2,000 Note Ban News: Currency notes can be used for ...

NEW DELHI: The The central bank has asked people to deposit the Rs 2,000 banknotes into their accounts and/or exchange them into banknotes of other denominations at any bank branch. Exchange facility for Rs 2,000 bank notes up to Rs 20,000 at a time would be available from May 23, said an RBI statement. The RBI has asked banks to provide deposit and/or exchange facility for Rs 2,000 notes until September 30, 2023. 2,000 rupee notes withdrawn from circulation: FAQs NEW DELHI: The Reserve Bank of India (RBI) issued a notice on Friday advising banks to stop issuing Rs 2,000 denomination banknotes with immediate effect. It, however, stated that the banknote will continue to be legal tender. Here are the Frequently Asked Questions (FAQs)on it: Why Why RBI decided to withdraw Rs 2,000 note from circulation NEW DELHI: The Reserve Bank of India on Friday announced to withdraw Rs 2,000 note from circulation and fixed September 30 deadline for people to deposit or exchange the notes in their possession. The process of deposit or exchange will start from May 23. The Reserve Bank has advised all banks to Additionally, the RBI's 19 Regional Offices (ROs) with Issue Departments will also serve as exchange points until the end of September. Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions. The RBI has also advised banks to stop issuing Rs 2,000 denomination banknotes with...

Currency notes of Rs 2,000 were introduced in November 2016, after demonitisation led to Rs 500 and Rs 1,000 notes being banned from use. Explaining the move, the RBI said, "The use of Rs 2,000 notes was fulfilled after other denominations became available in adequate quantities." RBI said the printing of Rs 2,000 notes was stopped in 2018-19. Here are key points related to RBI's move:

2000 Rs Note Withdrawal News Updates: The Reserve Bank of India (RBI) has directed banks to stop issuing Rs 2,000 denomination banknotes with immediate effect. The announcement was made on Friday through a circular where the RBI decided to withdraw Rs 2,000 denomination banknotes from circulation. Stay on this blog for live updates. Reacting to RBI's direction of withdrawing Rs 2000 currency notes, West Bengal Chief Minister Mamata Banerjee said, it was not Rs 2000 dhamaka, but a billion dollar "dhoka" to a billion Indians. Taking to Twitter, the Bengal CM said, "So it wasn’t ₹2000 dhamaka but a billion dollar dhoka to a billion Indians. Wake up, my dear brothers and sisters. The suffering we have endured due to demonetisation can’t be forgotten and those who inflicted that suffering shouldn’t be forgiven." Veteran Congress leaderSiddaramaiah took to Twitter to say that the Bharatiya Janata Party (BJP) doesn't have clarity about their own policies. In his tweet, he further asked the saffron party, "Why did they introduce ₹2,000 notes in 2016 if they had plans to ban it? This is BJP's desperate attempt to divert the attention from their failures." Taking to Twitter, former Finance MinisterP Chidambaram said, "I shall not be surprised if the government/RBI re-introduced the Rs 1000 note as well. Demonetisation has come full circle!" He further added, "As expected, the government/RBI has withdrawn the Rs 2000 note and given time until September 30 to exchange the notes. The R...

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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 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month. Also Read: Last month, the RBI governor had said the majority of the withdrawn Rs 2,000 currency notes are expected to be returned to the banking system by the September 30 deadline. As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation. “So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy. About 85% of Rs 2,000 notes are coming as deposits in bank accounts and this is in line with expectation, he said. On May 19, RBI announced the withdrawal of Rs 2,000 denomination banknotes as part of its currency management and permitted the exchange of such notes (up to Rs 20,000 in one go) from May 23 onwards. The exchange or deposit window is available till September 30, 2023. The governor also urged the public not to panic for exchange or deposit of Rs 2,000 notes but should avoid last minute rush.

RBI annual Report stated that till March, 2018 the circulation of Rs 2000 banknotes was estimated at 33,632 lakh. New Delhi: Fresh Rs 2000 notes were not supplied in the Financial Year of 2021-22, Reserve Bank of India (RBI). The printing of Rs 2000 currency notes has been stopped since 2019. Notably, Rs 2000 banknote is the current highest denomination currency in India. It has been reported that India’s central bank has been keeping the number of the highest denomination banknotes in the country on the lower side. In 2020, RBI stated that the printing of Rs 2000 banknotes was stopped way back in 2019. RBI cited security concerns behind its move to stop printing of Rs 2000 banknotes.