Rs 2000 Note News: The facility for the exchange of Rs 2,000 banknotes up to the limit of Rs 20,000 at a time shall also be provided at the 19 Regional Offices (ROs) of RBI having Issue Departments, from May 23., Personal Finance News, Times Now
The Reserve Bank of India (RBI) has announced that Rs 2000 banknotes will be withdrawn from circulation as part of its \"Clean Note Policy\", but will remain legal tender. Banks have been advised to stop issuing the notes, and individuals can exchange them for other denominations at bank branches until September 30, 2023. The exchange of Rs 2000 banknotes will be capped at Rs 20,000 at a time starting from May 23, 2023. The initiative aims to streamline currency circulation and promote other denominations., Economy News, Times Now
The Reserve Bank of India on Friday announced the withdrawal of Rs 2,000 currency notes from circulation. People can either deposit Rs 2,000 notes in accounts or exchange them at banks till September 30, 2023. An exchange of a maximum of Rs 20,000 for other currency notes will be allowed at a time. , Personal Finance News, Times Now
The Government has clarified that international debit or credit card payments of up to Rs 700,000 by an individual per year will be excluded from the Liberalised Remittance Scheme limits. This means that such transactions will not attract the Tax Collected at Source (TCS). , Economy News, Times Now