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.
Confusion is sought to be created even after the detailed RBI notification issued on Friday evening. Some opposition leaders are trying to project this as another round of demonetization. Some have claimed there will again be long queues outside banks for exchange of notes.
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: 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.
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Rs 2,000 notes to be withdrawn: The demonetisation witnessed a number of stories some of them were hilarious while others were heart-rending.
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 will withdraw Rs 2,000 currency note from circulation but it will continue to remain a legal tender.
RBI stopped printing the Rs 2,000 currency notes 3 years back. There is information that people have hoarded it and it is being used for terror funding, drug trafficking and black money, Sushil Modi said.
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.
Tamil Nadu Chief Minister K Palaniswami on Saturday ordered extension of COVID-19 financial assistance of Rs 2,000 to all hairdressers irrespective of whether they were members of a State board for their welfare or not.
Customers will no longer be able to withdraw Rs 2,000 currency notes from Indian Bank ATMs as the bank has decided to load more of 200 rupee notes in its machines. The bank from March 1, 2020, stopped loading and dispensation of Rs 2,000 notes in its ATMs
A public sector bank has restricted circulation of Rs 2,000 notes and has asked senior management to also not stock them in the bank's ATMs.
The senior official said the RBI and the government from time to time decides on the quantum of currency to be printed on the basis of money in circulation.
"Many such rumors are being spread, which are wrong. Don't believe such things till any official announcement is made," Jaitley said while talking to media persons in Gandhinagar today.
The RBI may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report.
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