Page 2 - 2000 Banknotes News Today

The last date to exchange or deposit Rs 2000 banknotes is September 30, 2023. The general public can visit bank offices to deposit their Rs 2000 banknotes or exchange them for new ones.

This was advised after the central bank last week withdraw Rs 2000 notes from circulation and asked people to either deposit or exchange in bank branches.

Confusion prevails over the RBI’s decision to withdraw Rs 2000 notes. While the 30 September deadline has been set, the currency will continue to be valid even after. Then why do we have to exchange the notes? Is it a crackdown on black money and fake currency?

The segment of society that will be hit by the RBIs decision to withdraw the Rs 2,000 note will be the tax cheats holding crores of these high denomination notes. They will now come under the lens of tax authorities

From its glitchy issuance in 2016 to the stopping of printing in 2018-19 and now finally to its recall, the Rs 2,000 note had a rough ride while in existence. All through the way, RBI has been sparing in its communication, leaving citizens with more questions than answers  

According to Gandhi, who handled RBIs currency management department, the introduction of the Rs 2,000 note in 2016 was a short-term tactical decision to quickly remonetise the economy post-demonetisation

The Reserve Bank of India (RBI) on May 19 said it is withdrawing Rs 2,000 notes from circulation based on a review. However, the banknotes of Rs 2,000 denomination will continue to be legal tender, the central bank said in a release.

The RBI has advised members of the public to deposit Rs 2,000 banknotes into their bank accounts or exchange them for banknotes of other denominations at any bank branch.

The banknotes in Rs 2,000 denomination will continue to be legal tender, the RBi said in a release.

West Bengal Chief Minister Mamata Banerjee on Friday hit out at the BJP-led Central government after the Reserve Bank of India (RBI) notified to withdraw Rs 2,0