Search For "2000 note"
Despite surge in digital payments, paper money circulation at record level
Updated : 6 months ago IST
Cash use in India remains strong and currency in circulation has reached a record high despite the rapid rise in digital payments, mainly due to higher consumption, lower interest rates, and the replacement of Rs 2000 notes, according to a report by State Bank of India (SBI).
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2.08 pc of Rs 2000 notes, valued Rs 7,409 crore, still to be returned: RBI
Updated : 2 years, 1 month ago IST
The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
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RBI Governor Shaktikanta Das addresses financial stability and rupee volat
Updated : 2 years, 11 months ago IST
Addressing a gathering in Delhi, Governor Das highlighted the complexity of the current economic landscape, stating, "There is a multiplicity of factors. The dollar index has become quite strong. The bond yields in the US have reached an all-time high, but, if you look at the volatility of t
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Flipkart's Truck Accidentally Unleashes a Money Shower in Mumbai's Streets
Updated : 2 years, 11 months ago IST
Mumbai (Maharashtra) [India], October 7: The streets of Gateway in Mumbai became the stage for an astonishing event when a Flipkart truck, filled with stacks of cash, malfunctioned, releasing a flurry of Rs. 2000 notes into the air.
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Rs 12,000 cr remain in circulation, RBI says day ahead of Rs 2000 note exc
Updated : 2 years, 11 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000-denomination banknotes from circulation but said it would continue to remain legal tender. However, the RBI had advised banks to stop issuing such banknotes with immediate effect.
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Last date to exchange Rs 2,000 notes is tomorrow, clarifies RBI
Updated : 2 years, 11 months ago IST
The Rs 2,000 denomination banknote will cease to have its value after Saturday and will be just another piece of paper if one does not get it exchanged in any bank, the Reserve Bank of India (RBI) clarified on Friday.
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Rs 2000 notes were introduced to meet currency requirement post demonetisa
Updated : 3 years, 1 month ago IST
Rs 2000 denomination banknotes were introduced to expeditiously meet the currency requirement of the economy after Demonetisation and are close to the end of their useful life, the Minister of State for Finance, Pankaj Chaudhary said in a written reply to the Rajya Sabha on Tuesday.
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Maharashtra Police arrest 2 for 'helping' Naxalites exchange Rs 2000 notes
Updated : 3 years, 2 months ago IST
The police said that after the Reserve Bank of India (RBI)'s decision on withdrawing Rs 2000 notes from circulation, the Naxalites were constantly trying to exchange the currency notes that they allegedly collected through extortion.
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Delhi HC dismisses plea challenging RBI's decision to withdraw Rs 2000 not
Updated : 3 years, 2 months ago IST
The Division bench of Justice Satish Chander Sharma and Justice Subramonium Prasad decided to dismiss the petitions. The RBI has opposed the plea, stating that Rs 2000 notes continue to be legal tender.
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Chhattisgarh: Naxal associate arrested while trying to deposit Rs 6.2 lakh
Updated : 3 years, 2 months ago IST
The Basaguda LOS Commander of Naxal and RPC President gave cash for depositing in different bank accounts. About Rs 1.20 lakh has been deposited till now.
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Rs 2000 notes withdrawal to boost deposits, consumption, among other param
Updated : 3 years, 2 months ago IST
SBI Research in a report analysed and argued how the withdrawal of Rs 2000 banknotes could boost bank deposits, repayment of loans, consumption, RBI's retail digital currency usage, and overall economic growth.
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Half of Rs 2,000 notes in circulation back in system: RBI Governor
Updated : 3 years, 3 months ago IST
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
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