The Reserve Bank, in a surprise move, on May 19 announced withdrawal of Rs 2,000 notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of Rs 2,000 notes beyond September… Continue reading "No proposal to extend deadline for exchange of Rs 2,000 notes"
Banks across India will start accepting Rs 2,000 notes for exchange from today. The Reserve Bank of India (RBI) had announced to withdraw the Rs 2,000 note from circulation on May 19, giving the bank four days to prepare for the same. The Rs 2,000 notes were issued in 2016 after the Central government announced the demonetisation of old Rs… Continue reading "₹2,000 note exchange to begin today; banks gear up to manage rush"
The Reserve Bank of India has announced its decision to withdraw Rs 2,000 notes from circulation. The central bank has asked citizens to exchange them at banks by September 30. All banks have been asked to provide deposit or exchange facilities for Rs 2,000 banknotes till September 30. The central bank also said in order to ensure operational convenience and… Continue reading "RBI to withdraw Rs 2000 notes from circulation"