Rs 2,000 Banknotes and the Mysteries of This Mini-Demonetisation
None of the arguments that the RBI has given to justify the move are valid.
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None of the arguments that the RBI has given to justify the move are valid.
According to them, the number of Rs 2,000 denomination notes in circulation or stocked at home is not huge.
Rs 2000 Note News: The facility for the exchange of Rs 2,000 banknotes up to the limit of Rs 20,000 at a time shall also be provided at the 19 Regional Offices (ROs) of RBI having Issue Departments, from May 23., Personal Finance News, Times Now
In a surprising move, the Reserve Bank of India on Friday announced the decision to withdraw circulation of Rs 2,000 denomination notes. However, it gave the public time till September 30 to either deposit such notes in accounts or exchange them at banks. -- aaa
The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said. The existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.