RBI says 97.76% of Rs 2,000 currency notes back in system
The Rs 2,000 banknotes continue to be legal tender, RBI said in a press release.
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The Rs 2,000 banknotes continue to be legal tender, RBI said in a press release.
Why this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding
The Rs 2000 banknotes continue to be legal tender, RBI said in a release.
"Bulk of Rs 2,000 notes have come back and so it has largely met our original objective of withdrawal of Rs 2000 notes," said RBI Governor Shaktikanta Das