Page 4 - Rs 2000 Notes

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

Rs 2,000 note was 'band-aid' to cover up demonetisation, says P Chidambaram

Senior Congress leader P Chidambaram on Friday hit out at the government after the RBI announced withdrawal of Rs 2,000 currency notes from circulation, saying the Rs 2,000 note was a "band-aid" to cover up the "foolish decision" of demonetising Rs 500 and Rs 1,000 notes. The former Union finance minister said that a few weeks after demonetisation, the government and the RBI were forced to re-introduce the Rs 500 note and he will not be surprised if the Centre re-introduces the Rs 1,000 note as well. In a surprise move, the Reserve Bank of India (RBI) on Friday 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 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 till September 30. In a tweet, Chidambaram said, "As expected, the government/RBI have withdr

Govt's 'admission of failure': MVA slams plan to yank out Rs 2,000 notes

Maharashtra's opposition Maha Vikas Aghadi slammed the move to withdraw the Rs 2,000 currency notes by September 30 as an admission of failure by the Bharatiya Janata Party govt at the Centre

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

Big B introduces new 'KBC' season with quip on 'GPS enabled currency notes'

The 50-second promo, shared by Sony TV on Saturday, took a dig at these false claims as it featured Bachchan reprising his role as the show's host, posing a question to a contestant named Guddi

Rs 2,000 notes now 1.75% of total banknotes in circulation: Govt

Printing of banknotes of particular denomination is decided by the government in consultation with the Reserve Bank of India

Five years after demonetisation, high value notes comprise 85.7% of total

The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years

Every third banknote in circulation is a Rs 500: RBI annual report

The share of Rs 2,000 notes, however, has been declining both in value and volume terms.

In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination

Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018

Letter to BS: Indian Bank's plea on Rs 2000 notes is out of sync

Commercial banks have to mandatorily go by the Reserve Bank of India (RBI) guidelines related to the operations of the ATMs, issued from time to time

Customers will no longer get Rs 2,000 currency notes at Indian Bank ATMs

According to a circular issued by the lender's digital banking division on February 17, cash dispensation from Rs 2,000 currency cassettes would be disabled at all ATMs and cash recyclers on March 1

Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg

Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes

Rs 2,000 notes can be demonetised without disruption: Ex-DEA Secy S C Garg

The former IAS officer has, therefore, suggested to outlaw the high-value notes

The story of the Rs 2,000 note

Rumours of a sudden demonetisation of the Rs 2,000 note prior to elections are less farfetched than the events of November 8, 2016

No decision yet on further printing of Rs 2,000 notes: DEA Secretary Garg

There has been no recent decision regarding 2,000 rupee note production, says Garg

Rs 2,000 note printing scaled down to minimum by RBI, says govt official

According to the RBI data, there were 3,285 million pieces of Rs 2000 notes in circulation at end-March 2017

Rs 2,000 problem: Govt set to notify new rules for exchanging torn notes

Banks claim RBI hasn't told them whether to exchange new denomination notes which are torn and mutilated

In defence of Rs 2,000: Slowdown in printing illogical, consumer-unfriendly

The short point is that the economy not only needs more notes, but an expanding economy with a reasonable degree of inflation needs more notes of larger denomination

RBI slow on Rs 2,000 notes, holding back Rs 2.6 lakh cr high-value notes

It can be safely assumed that not all of the Rs 2000 and Rs 500 notes printed made way to the public