Six years later, ₹2,000 notes to be withdrawn
Hindustan Times|May 20, 2023
The Reserve Bank of India (RBI) on Friday announced the withdrawal of the ₹2,000 denomination notes from circulation, advised people to exchange or deposit the notes by September 30, but assured that they would remain legal tender.
Rajeev Jayaswal and Roshan Kishore
Six years later, ₹2,000 notes to be withdrawn

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.

この記事は Hindustan Times の May 20, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Hindustan Times の May 20, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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