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November 3, 2023
Earlier this year, the govt announced withdrawal of Rs 2000 bank notes from circulation after which people rushed to exchange the currency. The last date for exchange is over but do you still have the high-denomination currency? Know how you can exchange it.. - Rs 2000 Notes Still With You? Know Here How To Exchange High-Denomination Currency
September 7, 2023
Murtaza Solangi warns govt would take strict action against those spreading such fake news
September 1, 2023
Mumbai, The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency
August 1, 2023
The Reserve Bank of India said 88 per cent of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking system after it announced withdrawal of the high value currency notes from circulation in May. The total value of Rs 2,000 banknotes in circulation, which amounted to Rs 3.62 lakh crore on March 31, 2023, had declined to Rs 3.56 lakh crore as at the close of business on May 19, 2023.
July 5, 2023
On July 4, the excess liquidity, as reflected by the amount of money absorbed by the Reserve Bank of India (RBI), stood at Rs 2.3 lakh crore- highest in one month. The central bank absorbed Rs 2.22 lakh crore of surplus liquidity on July 3, RBI data showed.
July 2, 2023
“It was a transitory kind of note to fill in the value which was lost in demonetisation," said Sudhakar Kaza, former managing director of Bharatiya Reserve Bank Note Mudran Private Ltd, the division of RBI which prints banknotes.
June 17, 2023
Currency with the public is arrived at after deducting cash with banks from total currency in circulation. Currency in circulation refers to cash or currency within a country that is physically used to conduct transactions.
May 24, 2023
Most private banks asked non-account holders to provide proofs. SBI had clarified in an official note to its branches that no form or slip would be required while exchanging or depositing Rs 2,000 notes.
May 24, 2023
The withdrawal of Rs 2000 notes is creating panic. Some are rushing to buy luxury watches and gold; others are donating to temples and spending on mangoes and food delivery
May 23, 2023
The gold market in India is seeing a spurt in sales and it can thank the RBI for it. The central bank’s decision to withdraw the Rs 2000 note from circulation by 30 September has prompted people to buy more gold – with most stores reporting a 20 per cent rise in purchases