The Rs 2,000 currency notes were introduced in the market after Modi government's demonitisation move when Rs 500 and Rs 1,000 currency notes were banned in November 2016.
Shaktikanta Das, governor of the Reserve Bank of India (RBI), said on Monday that no one should rush to return or exchange their 2,000 rupee notes, a day before people start approaching banks to give up the high-value notes.
According to Das, the deadline was imposed primarily with the intention of encouraging people to return the notes.
Rs 2,000 note ban: PNG Jewellers Chairman and Managing Director Saurabh Gadgil said, "The practice of taking Rs 2,000 notes in lieu of gold at a premium rate is something that may exist only in the unorganised sector. The organised jewellery players stay miles away from such things."
P Chidambaram on Rs 2,000 note: Chidambaram said that he expected the Government of India to reintroduce the Rs 1,000 currency note in the market and added that withdrawing Rs 1,000 and Rs 500 currency notes were a grave mistake and not accepted by the people of the country.
Rs 2000 No ID proof forms required exchanging notes SBI branches bank RBI Rs 20,000-limit
RBI withdraws ₹2000 note from circulation, to remain legal tender
Asaduddin Owaisi posed five questions for Prime Minister Narendra Modi over RBI's decision.
Rs 2000 Note Banned: 2000 notes lasted for seven years. Notes were issued in November 2016, these notes stopped printing in 2018 and in September 2023 these notes will be out of circulation.
Rs 2000 Note Banned: Taking a big decision, the Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2000 note from circulation. However, the work to rein it in started four-five years ago.
Rs 2000 Note Banned: 2000 rupee notes have been banned and politics has started. Some are spreading confusion, while some are misguiding.
The exchange of Rs 2,000 notes into bank notes of other denominations can be made upto a limit of Rs 20,000 at a time at any bank starting from May 23, 2023, the RBI said.
The RBI said that people can exchange of Rs 2,000 notes into currency notes of other denominations up to a limit of Rs 20,000 at a time at any bank starting from May 23, 2023. The RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
RBI withdraws Rs 2,000 note: Rs 2,000 denomination banknote was introduced in Nov 2016, primarily to meet the currency requirement of economy in an expeditious manner after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.
RBI's announcement that it will withdraw Rs 2,000 notes triggered criticism from the Opposition leaders. Leading the attack against the Centre, Congress asked what about the promises made by the government in 2016 while releasing the note.
Reserve Bank of India asked people to exchange Rs 2,000 at banks by September 30, 2023. The facility for exchange of Rs 2,000 bank notes up to the limit of Rs 20,000 at a time.
RBI Grade B Officer Recruitment 2023: Eligible and interested candidates can fill in the RBI Grade B 2023 application form online through the official website-- rbi.org.in till June 9 (till 6 PM).
The Statutory Inspection for Supervisory Evaluation (lSE) of the bank was conducted by the RBI with reference to its financial position as of March 31, 2021, and the examination of the risk assessment report and all related correspondences pertaining to the same revealed, it noted.
The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
RBI Grade B Notification 2023 released for 291 vacancies. Check application date, application process, qualification, experience, selection criteria, and more.
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