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As customers with large cash pile come in search of properties, developers are in a fix on whether to encash on the new wave or to desist.
The RBI on Friday announced the withdrawal of Rs 2,000 banknotes from circulation and set a deadline of September 30 for the public to exchange or deposit the banknotes.
The Secretary’s comment comes after the RBI announced that the maximum limit of exchanging is Rs 20,000 in one go. This means that a person can exchange 10 Rs 2,000 banknotes at one time.
Rs 2000 Note Ban News: Can You Exchange All of Your Rs 2,000 Notes in One go? Know The Max Limit Here, Personal Finance News, Times Now
Senior Congress leader P Chidambaram today called the Rs 2,000 note, which has now been withdrawn from circulation, a "foolish move" that only helped people stash black money with ease.