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.
Rs 2,000 currency notes have not been printed in the last two years, the government informed the Lok Sabha on Monday.
Ever since ₹2000 notes came into circulation in India, several claims have been galore. ATMs ceasing to dispense ₹2000 notes is the most common claim that rises from the dead every now and then.
Amid speculations that Government is planning to around to discontinue high-value notes (Rs 2000) from circulation, Minister of State for Finance Anurag Thakur has said that government has 'no plan' to withdraw Rs 2,000 notes and these are being dispensed through many bank ATMs.
Messages are being widely circulated on social media platforms like WhatsApp, Facebook and YouTube claiming that the RBI will discontinue ₹ 2,000 notes and issue new ₹ 1,000 notes. But, has RBI issued new Rs 1000 currency notes?
Union Finance Minister Nirmala Sitharaman Wednesday said banks were not instructed to stop dispensing Rs 2,000 notes. The statement comes after Indian Bank decided to stop putting Rs 2,000 notes in its ATM machines.
Banks have started dispensing more of Rs 500 notes instead of Rs 2,000 denomination notes, a move seen as gradual phasing out of the high denomination currency.
Indian Bank will not dispense Rs 2,000 notes anymore. The public-sector entity has cited customer preferences as a reason for the move. Infact, the bank said it would load more of Rs 200 notes. According to RBI data, Indian Bank had nearly 4,000 ATMs across India as of December 2019.
Will the government withdraw ₹ 2,000 notes? This is the most heard concern these days. Some messages are being widely circulated on social media platforms like WhatsApp, Facebook and YouTube claiming that the Reserve Bank of India (RBI) will discontinue ₹ 2,000 notes and issue new ₹ 1,000 notes.
High currency notes of Rs 2,463 billion may have been printed by the RBI but not supplied in the market, said the report authored by SBI’s group chief economic adviser.
Finance Minister Arun Jaitley today said there is no proposal to withdraw the Rs 2,000 notes that were introduced post demonetisation.
Farmers from Madhya Pradesh's Sheopur district were in for a surprise when they were issued newly printed Rs 2000 notes without the image of Mahatma Gandhi from a State Bank of India branch. After finding
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