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2000 note exchange: Deadline ends in 3 days: On May 19th the Reserve Bank of India ordered the withdrawal of Rs 2000 rupee notes and asked the people to deposit the notes in the bank before September 30th.
Meanwhile, several people also complained about the fuel stations not accepting the Rs 2,000 notes. -- aaa
These notes have been used rampantly by the fake currency mafia eversince introduced. Besides, going by the data from the IT department, these notes have constituted a major chunk of the black money seized in recent years. Was this the reason the RBI chose to withdraw it at this point?
The RBI has decided to withdraw the Rs 2,000 denomination banknotes from circulation. It encourages to deposit and/or exchange these banknotes on or before September 30, 2023.
BJP MP Sushil Kumar Modi said that RBI stopped printing the 2,000 rupee currency notes 3 years back