Rs 2000 Currency Notes

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 97.82 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,755 crore worth of the withdrawn notes are still with the public.

The share of Rs 500 denomination currency notes in overall currency has jumped to 86.5 per cent at the end of March 2024, as against 77.1 per cent in the year-ago period, the Reserve Bank of India (RBI) said on Thursday.

Border Security Force (BSF) has arrested a Bangladeshi couple from the Land Customs Station (LCS) in Gede in the Nadia in West Bengal after finding at least (78) Rs 2,000 currency notes in their luggage.

The Reserve Bank of India (RBI) on Monday said nearly 97.69 per cent of the Rs 2000 denomination bank notes have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public.

The Economic Offence Wing (EOW) of Odisha Police questioned people standing in queue to exchange Rs 2000 currency notes at the Reserve Bank of India counter here to find out whether they were acting as agents for others, an official said.

With banks stopping accepting Rs 2,000 notes, people have started queuing up at 19 Reserve Bank of India offices to exchange the high denomination currency, which was withdrawn from circulation.

The last date to exchange Rs 2,000 notes at the bank is today. According to RBI, the Rs 2,000 currency note will remain legal tender even after the October 7 deadline, however, they will not be accepted for transactions.

According to the Reserve Bank of India (RBI), from October 1, the Rs 2,000 currency note will cease to have its value and will be just another piece of paper.

According to the Reserve Bank of India's "clean note policy", the highest denomination currency note in India - Rs 2,000 note, will lose its status as legal tender after September 30, 2023.

The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.

On May 29, the Delhi High Court dismissed the PIL challenging the notifications enabling the exchange of Rs 2,000 denomination currency notes without any requisition slip and ID proof.

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

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...

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said.

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 97.82 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,755 crore worth of the withdrawn notes are still with the public.

The share of Rs 500 denomination currency notes in overall currency has jumped to 86.5 per cent at the end of March 2024, as against 77.1 per cent in the year-ago period, the Reserve Bank of India (RBI) said on Thursday.

Border Security Force (BSF) has arrested a Bangladeshi couple from the Land Customs Station (LCS) in Gede in the Nadia in West Bengal after finding at least (78) Rs 2,000 currency notes in their luggage.

The Reserve Bank of India (RBI) on Monday said nearly 97.69 per cent of the Rs 2000 denomination bank notes have returned to the banking system, and only Rs 8,202 crore worth of the withdrawn notes are still with the public.

The Economic Offence Wing (EOW) of Odisha Police questioned people standing in queue to exchange Rs 2000 currency notes at the Reserve Bank of India counter here to find out whether they were acting as agents for others, an official said.

With banks stopping accepting Rs 2,000 notes, people have started queuing up at 19 Reserve Bank of India offices to exchange the high denomination currency, which was withdrawn from circulation.

The last date to exchange Rs 2,000 notes at the bank is today. According to RBI, the Rs 2,000 currency note will remain legal tender even after the October 7 deadline, however, they will not be accepted for transactions.

According to the Reserve Bank of India (RBI), from October 1, the Rs 2,000 currency note will cease to have its value and will be just another piece of paper.

According to the Reserve Bank of India's "clean note policy", the highest denomination currency note in India - Rs 2,000 note, will lose its status as legal tender after September 30, 2023.

The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.

On May 29, the Delhi High Court dismissed the PIL challenging the notifications enabling the exchange of Rs 2,000 denomination currency notes without any requisition slip and ID proof.

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

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...

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said.