Page 6 - Rs 2000 Note News Today

In theory, the move may appear as a small “RBI monetary policy measure”. But in a ‘jobless-poor investment’ growth trajectory, how does the timing appeal to sound economic policy or thinking?

The wide window for deposit and the lower amount of the high-denomination note in circulation will soften the economic impact, economists say.

Interestingly, he also pulled in Microsoft co-founder Bill Gates and Better Than Cash Alliance. -- aaa

The RBI on Friday said Rs 2,000 denomination notes to the value of Rs 3.62 lakh crore were in circulation on March 31, 2023.

According to Gandhi, who handled RBIs currency management department, the introduction of the Rs 2,000 note in 2016 was a short-term tactical decision to quickly remonetise the economy post-demonetisation

The central bank will withdraw from circulation the high-value Rs 2,000 note, which was introduced in November 2016 just after demonetisation. People can exchange or deposit their Rs 2,000 notes between May 23 and September 30.

The RBI stated that people can approach their nearest bank branches and deposit and/or exchange their Rs 2000 banknotes. -- aaa

The RBI has advised citizens to deposit Rs 2,000 banknotes into their bank accounts or exchange them into banknotes of other denominations at any bank branch.

The central bank has said it will withdraw Rs 2,000 notes from circulation and people can exchange them by September 30. The Reserve Bank of India's (RBI) 19 regional offices will start taking Rs 2,000 notes for exchange with smaller notes.

Rs 2000 Notes Banned: The RBI has withdrawn Rs 2000 currency note from circulation. However, it will remain a legal tender. The people can continue to use ₹2000 banknotes for their transactions and also receive them in payment, the RBI confirmed., Personal Finance News, Times Now