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May 22, 2023
RBI recently announced that it is withdrawing Rs 2,000 notes from circulation. And since then, it looks like people have started paying for food orders via Rs 2,000 notes. Zomato revealed the same in a tweet.
May 22, 2023
The Rs 2000 note will remain legal tender but citizens have been asked to deposit or exchange these notes by 30 September. Analysts say this time the move is expected to be less disruptive as a lower value of notes is being withdrawn over a longer period of time
May 22, 2023
"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.
May 20, 2023
The former Andhra Pradesh chief minister and Telugu Desam Party (TDP) supremo Chandrababu Naidu on Friday welcomed the Reserve Bank of India's decision to withdraw the Rs 2000 denomination bank notes from circulation.
May 20, 2023
The RBI has decided to withdraw Rs 2000 denomination of banknotes from circulation under the clean note policy. People have been advised to deposit the currency, which was introduced six years ago, into their bank accounts or swap them for notes of other denominations at any bank
May 20, 2023
The RBI's suprise move came amid concerns of the highest denomination notes being used to hoard black money. The RBI had stopped printing Rs 2,000 notes in 2018-19 and the notes were rarely in circulation.
May 19, 2023
The Congress targeted the prime minister on Friday over the RBI announcement on the withdrawal of Rs 2,000 currency notes from circulation, saying the move was "typical of our self-styled vishwaguru" and his method of "first act, second think".