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Opposition leaders on Friday hit out at the government after the Reserve Bank of India (RBI) announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks.
Rs 2000 Note News: The Reserve Bank of India (RBI) on Friday announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. However, the Rs 2,000 notes will continue to be a legal tender till September 30., Personal Finance News, Times Now
'This move ultimately would reduce the quantum of black money and help tax collections to improve. Hence, it is a positive development for market,' says market expert G Chokkalingam
The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said in a statement.
You can start exchanging Rs 2000 notes from banks from May 23