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Dealers complain of the ‘same difficult situation as was faced during the 2016 demonetisation drive’ and express fears of harassment by tax authorities
The Rs 2000 note will remain legal tender but citizens have been asked to deposit or exchange these notes by 30 September. Analysts say this time the move is expected to be less disruptive as a lower value of notes is being withdrawn over a longer period of time
State Bank of India (SBI) provided clarification regarding exchange of Rs 2000 currency notes. It also issued guidelines to all its branches.
Rs 2000 Note News: RBI Issues Fresh Advisory For Banks - READ HERE, Personal Finance News, Times Now
Shaktikanta Das in an interaction with media persons today said that the higher value of currency was manufactured in a brief period of time to increase liquidity in the economy.