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While the amount of Rs 2000 banknotes still circulating in the economy stood at Rs 8,897 crore, the central bank mentioned that Rs 2,000 banknotes will continue to be legal tender.
The Reserve Bank of India (RBI) has introduced a new option for the public. Individuals can now send their Rs 2,000 banknotes to RBI's regional offices via insured post, allowing for direct credit to their bank accounts. This initiative is particular
Bhubaneswar, October 20th, 2023: Axis Bank, one of the largest private sector banks in India, organised a Coin and Note Exchange Mela in Cuttack at the CDA Market, Sector-6 on October 19th, 2023. This initiative was held under the aegis of the Reserv
BSP exchanges old, dirty banknotes with clean ones, promotes currency integrity during caravan in Mandaue
Currency in circulation, which is the largest part of the reserve money, declined to 5.3 per cent from 8.3 per cent in the year-ago period due to the withdrawal of Rs 2,000 notes from circulation and an increase in digital mode of payments, the Reserve Bank of India (RBI) said in its bulletin on Friday.