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Rs 2,000 banknotes withdrawn: The petroleum dealers' association said that before the withdrawal of Rs 2,000 notes, petrol pumps used to get 10 per cent of their cash in the form of Rs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.
According to Shaktikanta Das, the governor of the Reserve Bank of India, the majority of the outstanding Rs. 2 000 banknotes would be returned to the banks by September 30, which is the deadline for...
It may be useful to keep the context at the back of your mind while heading to the bank from May 23 to exchange a Rs 2,000 currency note, after the government giving a four-month window to citizens to do so as it is discontinuing the note
As there are around 1.55 lakh bank branches in the country, each branch, on an average, will have to handle 11,677 pieces of Rs 2000 notes – or 116 notes per day between May 23 and September 30, 2023.
The RBI on Friday announced the withdrawal of Rs 2,000 currency notes, which were introduced in November 2016, from circulation.