Page 2 - Currency Notes
RBI says Rs 2,000 notes can be exchanged through post offices as well
The Reserve Bank of India (RBI) has said that Rs 2,000 notes can be exchanged through post offices as well. There are reports of people queuing up at the RBI offices for returning the Rs 2,000 notes. In a set of Frequently Asked Questions (FAQs) on its website, the RBI said people can send the notes to any of its 19 issue offices from any post office. People need to fill up an application form which is available online and send the notes to a RBI issue office from any facility of India Post, it said. In May last year, the apex bank announced its decision to withdraw the Rs 2,000 notes, which was first introduced after the demonetisation exercise in 2016. The decision to withdraw the Rs 2,000 notes was taken as most of these notes had exceeded their expected lifespan and were also not being used by the public for transactions, the RBI had said. At present, over 97.38 per cent of the Rs 2,000 notes in circulation as in May 2023 have been returned. After allowing for exchange or dep
 "RBI says Rs 2,000 notes can be exchanged through post offices as well")
Argentina to devalue peso by more than 50% to help its struggling economy
In recent years, Argentina's central bank has printed more of the peso to help the country's government avoid defaulting on its debt. That has resulted in skyrocketing prices
 "Argentina to devalue peso by more than 50% to help its struggling economy")
Cash questions
Increased currency circulation is intriguing
 "Cash questions")
The curious case of govt-owned Bank Note Paper Mill's private status
Indovative Products, a Delhi-based start-up that manufactures currency packaging products, submitted its bids but was rejected on the technical ground that it lacked "past experience"
 "The curious case of govt-owned Bank Note Paper Mill's private status")
Going to the bank with Rs 2,000 notes? Things you should keep in mind
The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts
 "Going to the bank with Rs 2,000 notes? Things you should keep in mind")
Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report
Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023
 "Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report")
Digital transactions in India highest in world but why is cash still king?
The Reserve Bank of India believes that households in India hold more high-value currency notes at home while substituting lower-value notes with digital transactions
 "Digital transactions in India highest in world but why is cash still king?")
Explained: What are the tax implications of depositing Rs 2,000 notes?
Are you depositing Rs 2,000 notes in the bank? Will your deposits be monitored? Will you need to pay any tax on it? How can you avoid a tax notice on these deposits? Read to find the answer
Explained: How much does it cost to print rupees?
When you buy any item, you may pay for it using an appropriate currency note. But have you ever wondered what the cost of printing that currency note is? Watch the video to find out
 "Explained: How much does it cost to print rupees?")
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")
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
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")
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")
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")
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")
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")
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")
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")
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")
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