000 Note Withdrawal

The Reserve Bank of India on Tuesday said 98 per cent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes.

The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public.

A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad had reserved its order on the PIL on May 30.

Inspired by the Shahid Kapoor-starrer 'Farzi' and cashing in on the withdrawal of 2,000-rupee notes, an inter-state gang from Uttar Pradesh began printing counterfeit notes and exchanging them at a lower value.

Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...

Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.

Amazon customers can now use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said. The cash load at doorstep service b...

The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.

The report said that the Rs 2,000 note withdrawal could result in 30% of the deposits or Rs 92,000 crore going to loan repayments

The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.

The move to withdraw Rs 2,000 denomination notes will yield deposits of up to Rs 1.5 lakh crore for the banking system, Axis Bank Chief Economist Saugata Bhattacharya said on Wednesday.

Nirmala Sitharaman on Monday criticised Congress leader P Chidambaram over his comments on the withdrawal of Rs 2,000 currency note and said to cast aspersions on matters of this nature "does not augur well with the former finance minister".

Several Indians in the Gulf nations are having a harrowing time ever since the Indian government decided to withdraw the Rs 2,000 notes from circulation.

Since being shared, the post has amassed over 25,000 views and 281 likes on the social media platform.

Reserve Bank of India Governor Shaktikanta Das today stressed that the entire process of withdrawal of Rs 2,000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly.

The Reserve Bank of India on Tuesday said 98 per cent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes.

The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public.

A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad had reserved its order on the PIL on May 30.

Inspired by the Shahid Kapoor-starrer 'Farzi' and cashing in on the withdrawal of 2,000-rupee notes, an inter-state gang from Uttar Pradesh began printing counterfeit notes and exchanging them at a lower value.

Amazon, earlier this week, made an announcement to allow customers to exchange their Rs. 2,000 notes. The Reserve Bank of India decided to withdraw all the Rs. 2,000 currency notes from circulation by September 30. According to the official statement by Amazon, the company will let customers top up their Amazon Pay balances using Rs. 2,000 notes du...

Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.

Amazon customers can now use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said. The cash load at doorstep service b...

The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.

The report said that the Rs 2,000 note withdrawal could result in 30% of the deposits or Rs 92,000 crore going to loan repayments

The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.

The move to withdraw Rs 2,000 denomination notes will yield deposits of up to Rs 1.5 lakh crore for the banking system, Axis Bank Chief Economist Saugata Bhattacharya said on Wednesday.

Nirmala Sitharaman on Monday criticised Congress leader P Chidambaram over his comments on the withdrawal of Rs 2,000 currency note and said to cast aspersions on matters of this nature "does not augur well with the former finance minister".

Several Indians in the Gulf nations are having a harrowing time ever since the Indian government decided to withdraw the Rs 2,000 notes from circulation.

Since being shared, the post has amassed over 25,000 views and 281 likes on the social media platform.

Reserve Bank of India Governor Shaktikanta Das today stressed that the entire process of withdrawal of Rs 2,000 notes will be non-disruptive, and the Central Bank has been monitoring the situation regularly.