The announcement and the deadline, which is at odds with the assurance that the notes would remain legal tender, caused a stir and evoked memories of demonetisation, when the government scrapped high-value currency notes with a few hours notice in November 2016, although the Reserve Bank of India was at pains to reiterate that the move was prompted by its so-called "Clean Notes" policy.
Banks will start exchanging notes from May 23 and people can exchange 2,000 banknotes up to a limit of ₹20,000 at a time. In remote locations, an account holder can get it exchanged through business correspondents (BCs) up to a limit of ₹24,000 per day, RBI said.
While an FAQ issued by RBI on Friday said that "members of the public can continue to use ₹2,000 banknotes for their transactions and also receive them in payment", it added that "they are encouraged to deposit and/or exchange these banknotes on or before September 30, 2023", It is likely that RBI will announce a mechanism to deposit or exchange the notes past the deadline.
هذه القصة مأخوذة من طبعة May 20, 2023 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 20, 2023 من Hindustan Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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