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Rs 2,000 note withdrawal update: Shaktikanta Das also explained that even though a withdrawal of Rs 2,000 notes has been ordered, Shaktikanta Das explained that these notes continue to be a legal tender.
RBI Governor Shaktikanta Das said Rs 2,000 rupee notes were introduced primarily to replenish the currency that was withdrawn following the 2016 demonetisation.
RBI has said that exchange of Rs 2,000 banknotes into banknotes of other denominations can be made upto a limit of Rs 20,000.
Confusion prevails over the RBI’s decision to withdraw Rs 2000 notes. While the 30 September deadline has been set, the currency will continue to be valid even after. Then why do we have to exchange the notes? Is it a crackdown on black money and fake currency?
A plea has been moved in the Delhi HC challenging RBI and SBI notifications, that permits exchange of notes without any identity proof.