Fri, Mar 29, 2024
Rs 2,000 Note Exchange, How To Exchange 2,000 Rupee Note: According to the RBI, the facility to exchange or deposit Rs 2,000 notes will not be available on April 1 due to operations associated with the annual closing of accounts.
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Fri, Mar 01, 2024
The RBI said in a statement on Friday, "The total value of ₹2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹8470 crore at the close of business on February 29, 2024. Thus, 97.62% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned."
Sat, Oct 07, 2023
Rs 2,000 banknotes can continue to be exchanged by individuals or entities at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time; can tender Rs 2,000 banknotes for credit to their bank accounts in India for any amount.
Mon, Jun 19, 2023
In its report, the State Bank of India's Economic Research Department said, "As per our estimate, consumption demand may be frontloaded by Rs 55,000 crore. With the bank note remaining a legal tender, unlike demonetisation, consumption could see a boost."
Thu, Jun 08, 2023
RBI Governor Shaktikanta Das also explained the impact and benefits of withdrawing Rs 2000 banknotes from circulation.
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