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Page 2 - Currency Notes

A note on India's commemorative coins, what's in demand and how to buy

India has issued more than 150 sets of commemorative coins since 1964 that are sold by govt mints; the Rs 75 coin is the latest

A note on India's commemorative coins, what's in demand and how to buy
Updated On : 30 May 2023 | 11:50 AM IST

Day 2 of Rs 2,000 note exchange has banks running out of cash for exchange

Some banks had to temporarily halt exchanges of Rs 2,000 currency notes as they waited for supply of currency notes to be replenished

Day 2 of Rs 2,000 note exchange has banks running out of cash for exchange
Updated On : 24 May 2023 | 11:35 PM IST

Top headlines: Post offices can't change Rs 2,000, new Digital India Bill

Business Standard brings you top news at this hour

Top headlines: Post offices can't change Rs 2,000, new Digital India Bill
Updated On : 24 May 2023 | 8:31 AM IST

Day 1 of Rs 2,000 currency note exchange: Banks wait, customers await

Banks differ on procedure to exchange withdrawn currency

Day 1 of Rs 2,000 currency note exchange: Banks wait, customers await
Updated On : 23 May 2023 | 9:33 PM IST

TMS Ep438: Withdrawal of Rs 2,000 notes, bank stocks, clean note policy

How can you exchange Rs 2,000 notes? How will withdrawal of Rs 2,000 notes affect the economy? Is withdrawal of Rs 2,000 notes positive for bank stocks? What is RBI's clean note policy? Answers here

TMS Ep438: Withdrawal of Rs 2,000 notes, bank stocks, clean note policy
Updated On : 23 May 2023 | 8:00 AM IST

Rs 2,000 note withdrawal: Do not panic, you're not back in November 2016

Those with accounted cash shouldn't worry; but be aware of SFT reporting thresholds, limits on cash transactions, and PAN requirement

Rs 2,000 note withdrawal: Do not panic, you're not back in November 2016
Updated On : 22 May 2023 | 7:37 PM IST

What is RBI's 'Clean Note Policy', why are notes being withdrawn under it

The Central Bank introduced Rs 2,000 note in 2016 but stopped printing fresh notes by 2019. Now, under the 'Clean Note Policy', the note has been completely withdrawn. Here's all you should know about

What is RBI's 'Clean Note Policy', why are notes being withdrawn under it
Updated On : 22 May 2023 | 4:43 PM IST

Indian rupee poised to weaken after central bank pulls 2,000-rupee notes

The Indian rupee is expected to open weaker against the US dollar after the central bank said it will withdraw the highest-value currency note from circulation

Indian rupee poised to weaken after central bank pulls 2,000-rupee notes
Updated On : 22 May 2023 | 9:25 AM IST

Share of Rs 500 note touched 70% post-demonetisation, shows RBI data

Rs 2,000 bank notes seeing the sharpest fall to 13.8 per cent by the end of FY22 and to 10.8 per cent by March 2023

Share of Rs 500 note touched 70% post-demonetisation, shows RBI data
Updated On : 21 May 2023 | 10:51 PM IST

State Bank of India sets Rs 2,000 currency note exchange cap at Rs 20,000

No form or identity proof needed to exchange Rs 2,000 notes, says SBI

State Bank of India sets Rs 2,000 currency note exchange cap at Rs 20,000
Updated On : 21 May 2023 | 3:42 PM IST

What to do if a bank refuses to exchange or accept your Rs 2,000 note?

Can a bank refuse to accept or exchange your Rs 2,000 currency not? Here's all you need to know

What to do if a bank refuses to exchange or accept your Rs 2,000 note?
Updated On : 21 May 2023 | 3:03 PM IST

No form or identity proof required for exchanges of Rs 2,000 notes

No form or requisition slip is required for exchange of Rs 2,000 notes up to a limit of Rs 20,000 at a time as part of exercise to withdraw high-value currency notes from circulation. RBI on Friday in a surprise move announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock of demonetisation, when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender. In a communication to chief general manager of all its local head offices, State Bank of India (SBI) informed that the facility of exchange of Rs 2,000 notes by public up to a limit of Rs 20,000 at a time will be allowed without obtaining any requisition slip. With regard to deposit of such notes in own account, RBI has not specified any limit but it will be subject to compliance with extant Know Your Customer (KYC) norms and other ...

No form or identity proof required for exchanges of Rs 2,000 notes
Updated On : 21 May 2023 | 3:17 PM IST

'Those who gathered Rs 2,000 notes illegally are crying over withdrawal'

Haryana's Home Minister Anil Vij has said that those who accumulated Rs 2,000 currency notes illegally are the ones crying over the Reserve Bank of India's (RBI) decision to withdraw them from circulation. In a surprise move, the RBI on Friday announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either deposit such notes in accounts or exchange them at banks. It said it had asked banks to stop issuing Rs 2,000 notes with immediate effect. "Those who are crying have filled sacks and accumulated (Rs 2,000 currency) notes in an illegal manner," Vij said in a statement on Saturday. Rs 2,000 notes will continue to be legal tender and can be exchanged or deposited in banks. Those who have them can go to a bank and deposit them or get them exchanged, he said. Rs 2,000 denomination banknotes were introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal

'Those who gathered Rs 2,000 notes illegally are crying over withdrawal'
Updated On : 21 May 2023 | 3:30 PM IST

Akhilesh Yadav hits out at govt over withdrawal of Rs 2,000 notes

Samajwadi Party president Akhilesh Yadav targeted the BJP-led government at the Centre on Friday over the RBI's decision to withdraw Rs 2,000 currency notes from circulation, saying "some people realise their mistakes too late". The Reserve Bank of India on Friday announced the withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Reacting to the development, Yadav tweeted in Hindi, "Some people realise their mistake too late The same happened in the case of the Rs 2,000 note, but the people and the economy of this country will have to pay for it." "Governance works not through arbitrariness but through wisdom and honesty," the former Uttar Pradesh chief minister added. In a statement issued in the evening, the RBI said Rs 2,000 notes currently in circulation will continue to be legal tender. It said the notes can be exchanged in banks from May 23. According to the RBI, arou

Akhilesh Yadav hits out at govt over withdrawal of Rs 2,000 notes
Updated On : 19 May 2023 | 11:51 PM IST
LIVE: RBI asks banks to stop issuing Rs 2,000 notes with immediate effect
Updated On : 19 May 2023 | 10:58 PM IST

Rs 1,000 notes may be back: Opposition slams junking of Rs 2,000 notes

Incidentally, the RBI's decision comes on the cusp of the Modi government marking its ninth anniversary, days after the BJP's Karnataka assembly polls loss

Rs 1,000 notes may be back: Opposition slams junking of Rs 2,000 notes
Updated On : 19 May 2023 | 9:53 PM IST

India Inc in a wait-and-watch mode on impact of Rs 2,000 note withdrawal

Real estate sector may face the brunt; CEOs from other sectors hopeful of business as usual

India Inc in a wait-and-watch mode on impact of Rs 2,000 note withdrawal
Updated On : 19 May 2023 | 10:37 PM IST

RBI withdraws Rs 2,000 currency notes: Here's all you need to know

Rs 2,000 notes with public can be deposited in bank accounts or exchanged at banks and RBI's 19 Regional Offices

RBI withdraws Rs 2,000 currency notes: Here's all you need to know
Updated On : 19 May 2023 | 8:19 PM IST

Rs 2,000 note withdrawn from circulation, to remain legal tender

The RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect

Rs 2,000 note withdrawn from circulation, to remain legal tender
Updated On : 19 May 2023 | 7:09 PM IST

What does the SC's demonetisation verdict mean

Six years after the govt demonetised 86% of cash in circulation, the Supreme Court on Monday nixed petitions challenging the move and upheld its legality. So what did the court say in its verdict?

What does the SC's demonetisation verdict mean
Updated On : 03 Jan 2023 | 7:00 AM IST