Page 7 - Currency Notes News Today

A plea has been moved in the Delhi High Court challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, that permits exchange of notes without any identity proof. �� Rs 2000 Currency Notes Withdrawal From Circulation: PIL Against RBI, SBI in Delhi High Court for Permitting Rs 2K Note Exchange Without ID Proof.

RBI has given time till September 30, 2023 to deposit or exchange Rs 2,000 bank notes

Transactions up after RBI announcement

Amul, that never misses a chance to create interesting topicals on special things that happen around the world, has made a topical depicting its mascot at a money exchange counter, holding a Rs 2000 note in one hand and butter in the other.

State Bank of India informed that the facility of exchange of Rs 2,000 notes by public up to a limit of Rs 20,000 at a time will be allowed without obtaining any requisition slip

RBI has outlined the maximum exchange limit and procedures for handling Rs 2000 notes, aiming to minimize inconvenience to the public.

'Arbitrary' decision will harm country's economy as demonetisation of 2016 had done, says TMC

Mamata Banerjee slammed the BJP-led central government over the Reserve Bank of India's decision to withdraw Rs 2,000 notes.

It is expected that the Rs 2,000 notes will remain a legal tender even after September 30, going by a similar exercise conducted by the RBI in 2014 when it announced the withdrawal of all bank notes issued before the year 2005

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