RBI Advises Banks To Continue Exchange of Rs 2,000 Notes In Usual Manner
The Reserve Bank of India (RBI) on Monday issued further guidelines to the banks in relation to the withdrawal of Rs 2000 currency notes.
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The Reserve Bank of India (RBI) on Monday issued further guidelines to the banks in relation to the withdrawal of Rs 2000 currency notes.
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In a surprise move, the reserve bank 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. unlike the november 2016 shock demonetisation when old rs 500 and rs 1,000 notes were invalidated overnight, the rs 2,000 notes will continue to be a legal tender till september 30. in a statement, the reserve bank of india (rbi) said it has asked banks to stop issuing rs 2,000 notes with imm
The Rs 2,000 currency note, introduced after demonetisation in 2016, will be withdrawn from circulation from September 30, said an RBI statement.
Opposition parties targeted Prime Minister Narendra Modi on Friday over the RBI’s announcement on the withdrawal of Rs 2,000 currency notes from circulation, with the Congress saying the move was “typical of our self-styled vishwaguru” and his method of “first act, second think”.