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While the amount of Rs 2000 banknotes still circulating in the economy stood at Rs 8,897 crore, the central bank mentioned that Rs 2,000 banknotes will continue to be legal tender.

The Reserve Bank of India (RBI) has introduced a new option for the public. Individuals can now send their Rs 2,000 banknotes to RBI's regional offices via insured post, allowing for direct credit to their bank accounts. This initiative is particular

Bhubaneswar, October 20th, 2023: Axis Bank, one of the largest private sector banks in India, organised a Coin and Note Exchange Mela in Cuttack at the CDA Market, Sector-6 on October 19th, 2023. This initiative was held under the aegis of the Reserv

BSP exchanges old, dirty banknotes with clean ones, promotes currency integrity during caravan in Mandaue

Currency in circulation, which is the largest part of the reserve money, declined to 5.3 per cent from 8.3 per cent in the year-ago period due to the withdrawal of Rs 2,000 notes from circulation and an increase in digital mode of payments, the Reserve Bank of India (RBI) said in its bulletin on Friday.

The Delhi High Court on Tuesday reserved its judgement on a plea filed against the Reserve Bank of India (RBI)'s decision to withdraw Rs 2,000 notes from circulation.

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In the previous hearing, the RBI had argued that this exercise was only for exchange of notes, and after September 30 — the deadline for exchanging currency notes of Rs 2,000 denomination — a decision may be taken after seeing a result of the exchange.

The Reserve Bank of India (RBI) has defended its decision to abolish INR 2,000 banknotes from circulation, stating it was a currency management exercise rather than demonetisation. The plea made by lawyer Rajneesh Bhaskar Gupta argued that the RBI did not have the authority to make that decision, noting that the absence of a statement confirming whether the government agreed with the RBI's decision raised questions about whether the bank acted alone. , Economy News, Times Now

New Delhi, May 26 (IANS) The Reserve Bank of India (RBI) on Friday told the Delhi High Court that its decision to withdraw Rs 2,000 notes from circulation is only a "currency management exercise and not demonetisation".