Nearly four-fifths of the ₹2,000-denomination currency notes have been deposited in banks, the central bank said on Monday. It said that ₹2.72 lakh crore worth […]
Tag: 2000 notes
RBI denies reports of missing banknotes, assures proper accounting and systems in place
The Reserve Bank of India (RBI) has refuted recent reports regarding missing banknotes printed by banknote printing presses. The RBI clarified that these reports were […]
Rs 2,000 note withdrawal: Kotak Mahindra Bank garners deposits of Rs 5,400 crore
Kotak Mahindra Bank has garnered about Rs 5,400 crore of fresh deposits courtesy of the RBI’s move to withdraw the Rs 2,000 denomination notes, a […]
As Rs 2000 notes flow back, 80% stay within banking system
Bankers expect a 150-basis-point rise in deposit levels as the initial few days into the mandated exchange of ₹2,000 banknotes showed that almost 80% of […]
Aadhar or ID cards are not required for exchanging Rs 2,000 notes
If you are going to exchange Rs 2,000 notes, then you don’t need to show any government issued identity card like Aadhaar at the bank […]
₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy […]