Page 10 - S 2000 Notes News Today

Rs 2000 Currency Notes Exchange: The RBI last week announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either deposit such notes in accounts or exchange them at banks.

As these notes were not printed since FY19 and account for only a minuscule part of the overall currency in circulation, this step will not inconvenience the commoner in any measure. It will also flush out illegally hoarded wealth

As the RBI announced that all Rs 2000 notes are being withdrawn in the country, these rare notes have made a major appearance across market places in Delhi.

The central bank last Friday announced the withdrawal of Rs 2,000 notes, the highest denomination in circulation, but said the currency will remain a legal tender.

The former finance minister also said that withdrawing both the Rs 1000 and Rs 500 currency notes were a grave mistake, one that had not been accepted by the people of the country.

Nashik: Slamming the Centre over the Reserve Bank of India's decision to withdraw Rs 2000 notes from circulation, Maharashtra Navirman Sena (MNS)

The Rs 2,000 currency note was introduced in November 2016, when Rs 500 and Rs 1,000 notes were withdrawn.

The former Uttar Pradesh chief minister was commenting on the Reserve Bank of India announcing withdrawal of Rs 2,000 currency notes from circulation. The bank said existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.

The withdrawal of Rs 2,000 notes has come as a major setback to anti-India forces as their financial life line has been crushed with this decision

The State Bank of India on Sunday announced that it would be allowing customers to exchange the Rs 2000 note without a requisition slip for amounts up to Rs 20,000.