2000 Rupee Exchange
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Over 97% Of Rs 2,000 Notes Have Been Returned: RBI
The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with the public.
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Delhi Court Dismisses Request Challenging Exchange Of Rs 2,000 Notes Without ID
2,000 Notes Withdrawn: The Delhi High Court on Monday dismissed a plea challenging notifications enabling exchange of Rs 2,000 currency notes without any requisition slip and ID proof.
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Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
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BJP Leader Asks Nirmala Sitharaman To Track Rs 2,000 Notes In Tamil Nadu
Lashing out at the ruling DMK government, Tamil Nadu BJP chief K Annamalai has urged Union Finance Minister Nirmala Sitharaman to "track the surge of incoming 2000 rupee notes", especially from the state's "Co-operative Banks/Societies and TASMAC."
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New Rs 500 And Rs 2,000 Notes 'Illegal' In Nepal
While there is no clarity on the fate of the withdrawn Indian currency notes of Rs 500 and Rs 1,000 denominations in Nepal, new Indian Rs 500 and Rs 2,000 bank notes are deemed illegal and banned for exchange, Nepal's central bank said on Thursday.
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Banks To Exchange Notes Only For Their Own Customers And Seniors Today
Banks today will only exchange old 500 and 1,000 rupee notes for their own customers, and not for people who hold accounts in other banks. Senior citizens are however exempt from this rule and they can go to any bank to exchange their old currency for new notes. On Sunday, banks will remain shut.
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Indelible Ink When You Exchange Notes, Just Like When You Vote
As India deals with a massive cash crunch, indelible ink will be used at banks to mark those who have exchanged new notes to ensure that people are not drawing more than their fair share, said Finance Ministry officials today.
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On Day 3, Anger, Chaos On Currency Ban As Banks Struggle To Dispense Cash
Serpentine queues, agitated crowd and more chaos was witnessed as cash-starved people struggled to exchange and withdraw money today.
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Amid Scramble For Cash, Rahul Gandhi Stands In Line, Smiles For Selfies
At a bank in central Delhi, there was commotion when Rahul Gandhi arrived and joined the queue.
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Enough Cash is Available, RBI Assures As Long Queues Seen At ATMs, Banks
Banks across country witnessed heavy rush for the second day as people gathered to get new banknotes in exchange of old bills.
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After PM Modi Speech, Hawala (Money-Laundering) Spiked, Triggering Raids
Tax officials are conducting large and simultaneous raids in four different cities including Delhi and Mumbai to find people hoarding large amounts of the 500 and 1,000 rupee notes that can no longer be used for transactions.
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Long Queues At Banks In Hyderabad For Exchanging Banned 500 and 1000 Rupee Notes
Thousands of people flocked to banks on Thursday for exchange or deposit of monetised currency notes of Rs 500 and Rs 1,000.
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No Harassment For Small Deposits, Says Arun Jaitley After Big Currency Ban
As millions across India today scrambled to deposit and exchange in banks their Rs 500 and Rs 1,000 notes, banned in a surprise move by the government, Finance Minister Arun Jaitley said nobody would be harassed over small deposits.
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Petrol Pumps Refuse Old Notes, Tweet Us And We'll Help, Says Government
The sudden withdrawal of 500 and 1,000 rupee notes from circulation, in a bid to flush out black, caused chaos on Wednesday as gas stations and some retailers refused to accept the larger bills, and bank ATMs stayed closed.
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Deposit, Exchange Of Rs 500, Rs 1,000 Notes Explained In 10 Points
This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes, the RBI said.
-
Over 97% Of Rs 2,000 Notes Have Been Returned: RBI
The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with the public.
-
Delhi Court Dismisses Request Challenging Exchange Of Rs 2,000 Notes Without ID
2,000 Notes Withdrawn: The Delhi High Court on Monday dismissed a plea challenging notifications enabling exchange of Rs 2,000 currency notes without any requisition slip and ID proof.
-
Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
-
BJP Leader Asks Nirmala Sitharaman To Track Rs 2,000 Notes In Tamil Nadu
Lashing out at the ruling DMK government, Tamil Nadu BJP chief K Annamalai has urged Union Finance Minister Nirmala Sitharaman to "track the surge of incoming 2000 rupee notes", especially from the state's "Co-operative Banks/Societies and TASMAC."
-
New Rs 500 And Rs 2,000 Notes 'Illegal' In Nepal
While there is no clarity on the fate of the withdrawn Indian currency notes of Rs 500 and Rs 1,000 denominations in Nepal, new Indian Rs 500 and Rs 2,000 bank notes are deemed illegal and banned for exchange, Nepal's central bank said on Thursday.
-
Banks To Exchange Notes Only For Their Own Customers And Seniors Today
Banks today will only exchange old 500 and 1,000 rupee notes for their own customers, and not for people who hold accounts in other banks. Senior citizens are however exempt from this rule and they can go to any bank to exchange their old currency for new notes. On Sunday, banks will remain shut.
-
Indelible Ink When You Exchange Notes, Just Like When You Vote
As India deals with a massive cash crunch, indelible ink will be used at banks to mark those who have exchanged new notes to ensure that people are not drawing more than their fair share, said Finance Ministry officials today.
-
On Day 3, Anger, Chaos On Currency Ban As Banks Struggle To Dispense Cash
Serpentine queues, agitated crowd and more chaos was witnessed as cash-starved people struggled to exchange and withdraw money today.
-
Amid Scramble For Cash, Rahul Gandhi Stands In Line, Smiles For Selfies
At a bank in central Delhi, there was commotion when Rahul Gandhi arrived and joined the queue.
-
Enough Cash is Available, RBI Assures As Long Queues Seen At ATMs, Banks
Banks across country witnessed heavy rush for the second day as people gathered to get new banknotes in exchange of old bills.
-
After PM Modi Speech, Hawala (Money-Laundering) Spiked, Triggering Raids
Tax officials are conducting large and simultaneous raids in four different cities including Delhi and Mumbai to find people hoarding large amounts of the 500 and 1,000 rupee notes that can no longer be used for transactions.
-
Long Queues At Banks In Hyderabad For Exchanging Banned 500 and 1000 Rupee Notes
Thousands of people flocked to banks on Thursday for exchange or deposit of monetised currency notes of Rs 500 and Rs 1,000.
-
No Harassment For Small Deposits, Says Arun Jaitley After Big Currency Ban
As millions across India today scrambled to deposit and exchange in banks their Rs 500 and Rs 1,000 notes, banned in a surprise move by the government, Finance Minister Arun Jaitley said nobody would be harassed over small deposits.
-
Petrol Pumps Refuse Old Notes, Tweet Us And We'll Help, Says Government
The sudden withdrawal of 500 and 1,000 rupee notes from circulation, in a bid to flush out black, caused chaos on Wednesday as gas stations and some retailers refused to accept the larger bills, and bank ATMs stayed closed.
-
Deposit, Exchange Of Rs 500, Rs 1,000 Notes Explained In 10 Points
This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes, the RBI said.
