New Rs 2000 Note

Zomato Post: Zomato shared a hilarious post regarding the decision, which quickly grabbed attention on the internet. Check it out below.

RBI withdraws Rs. 2,000 notes from circulation, and Amul shared a quirky topical on this decision.

Three persons were arrested from a five-star hotel in Mumbai for allegedly cheating a businessman to the tune of Rs 80 lakh under the pretext of offering him new bank notes of Rs 2000 denomination at half the rate through their ''money exchnage'', police said on Monday.

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

The amount spent on production of Rs 500 notes was Rs 4,968.84 crore, said Minister of State for Finance P Radhakrishnan.

The government today asserted that the new 500 and 2,000 rupee notes have single unique dimension, a statement that came on a day when opposition parties led by the Congress stalled proceedings in the Rajya Sabha alleging that notes having different sizes.

On July 26, the issue was raised in Parliament when the opposition asked Finance Minister Arun Jaitley to confirm if the government was going to "demonetise Rs 2,000 notes" and if its printing had been stopped.

The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.

Of this amount, Rs 110 crore was seized by the IT Department, Rs 4.54 crore seized by ED, Rs 26.21 crore by the CBI and Rs 38 lakh by the DRI, Finance Minister Arun Jaitley said.

The Income Tax department, Enforcement Directorate and other government agencies have seized Rs 141.13 crore worth of new currency notes of Rs 2,000 and Rs 500 while acting in different parts of the country, Lok Sabha was informed today.

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards. The move comes in the wake of recovery of a large amount of fake Indian currency notes in last four months after demonetisation.

The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.

Finance Minister Arun Jaitley today said there is no proposal to withdraw the Rs 2,000 denomination notes that were introduced post demonetisation.

The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.

"It has come to bank's notice through reports that some fake Rs 2,000 notes have reportedly been dispensed by SBI's ATM at Sangam Vihar, New Delhi on February 6," the bank said in a statement.

Zomato Post: Zomato shared a hilarious post regarding the decision, which quickly grabbed attention on the internet. Check it out below.

RBI withdraws Rs. 2,000 notes from circulation, and Amul shared a quirky topical on this decision.

Three persons were arrested from a five-star hotel in Mumbai for allegedly cheating a businessman to the tune of Rs 80 lakh under the pretext of offering him new bank notes of Rs 2000 denomination at half the rate through their ''money exchnage'', police said on Monday.

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

The amount spent on production of Rs 500 notes was Rs 4,968.84 crore, said Minister of State for Finance P Radhakrishnan.

The government today asserted that the new 500 and 2,000 rupee notes have single unique dimension, a statement that came on a day when opposition parties led by the Congress stalled proceedings in the Rajya Sabha alleging that notes having different sizes.

On July 26, the issue was raised in Parliament when the opposition asked Finance Minister Arun Jaitley to confirm if the government was going to "demonetise Rs 2,000 notes" and if its printing had been stopped.

The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.

Of this amount, Rs 110 crore was seized by the IT Department, Rs 4.54 crore seized by ED, Rs 26.21 crore by the CBI and Rs 38 lakh by the DRI, Finance Minister Arun Jaitley said.

The Income Tax department, Enforcement Directorate and other government agencies have seized Rs 141.13 crore worth of new currency notes of Rs 2,000 and Rs 500 while acting in different parts of the country, Lok Sabha was informed today.

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards. The move comes in the wake of recovery of a large amount of fake Indian currency notes in last four months after demonetisation.

The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.

Finance Minister Arun Jaitley today said there is no proposal to withdraw the Rs 2,000 denomination notes that were introduced post demonetisation.

The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.

"It has come to bank's notice through reports that some fake Rs 2,000 notes have reportedly been dispensed by SBI's ATM at Sangam Vihar, New Delhi on February 6," the bank said in a statement.