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January 1, 2024
Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The deadline was later extended to October 7. Deposit and exchange services at bank branches were discontinued on October 7.
January 1, 2024
India Business News: The Reserve Bank of India (RBI) on Monday said that nearly 97.38 per cent of the Rs 2,000 bank notes have been returned to the banking system, and onl
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 1, 2023
The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023 - when the RBI decided to withdraw the banknote.
August 1, 2023
As per the latest data from banks, the total value of the Rs 2000 notes received back from circulation till July 31 is Rs 3.14 lakh crore -- 88 per cent of the total.
June 7, 2023
Last month, the Reserve Bank of India (RBI) said it would withdraw Rs 2000 notes from circulation and permitted their exchange or deposit until September 30
May 31, 2023
Behind the introduction of new rituals and a new object is an absence of clarity or direction and the presence of theatre passing itself off as traditionalism.
May 25, 2023
Should an autonomous institution like the RBI – willingly or otherwise – allow itself to be seen as part of a political chess game?
May 23, 2023
Dedicated counters have been set up at banks, anticipating a rush to swap Rs 2,000 notes for smaller denominations.The Reserve Bank of India said that the process of swapping the Rs 2,000 notes, which will remain legal tender will begin Tuesday, May 23. The process will continue till the end of September.
May 23, 2023
The RBI appears to admit, without any embarrassment whatsoever, that once the purpose of inflating the value of currency in circulation has been served, there is no further need for the denomination.