How many Rs 2,000 notes can you return to banks? What is the maximum limit?
Rs 2,000 notes withdrawn: Another thing to keep in mind is that you don’t need to be an account-holder to exchange banknotes.
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Rs 2,000 notes withdrawn: Another thing to keep in mind is that you don’t need to be an account-holder to exchange banknotes.
Rs 2,000 banknotes withdrawn: The petroleum dealers' association said that before the withdrawal of Rs 2,000 notes, petrol pumps used to get 10 per cent of their cash in the form of Rs 2,000 notes, which has now jumped to 90 per cent.
RBI Governor Shaktikanta Das on Monday explained the reasons Rs 2,000 note withdrawal. He also clarified Rs 2,000 notes exchange, deposit deadline, rules and limits.
The RBI on Friday said that it had withdrawn Rs 2,000 currency notes but the note will remain a legal tender. It has asked people to deposit/exchange the currency till September 30, 2023.
Dr Krishnamurthy Subramanian, who was the chief economic advisor from 2018 to 2021, explains that the government's decision to withdraw Rs 2000 notes is a good move.