2000 notes ban

In a significant move, the Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2,000 currency notes from circulation, while ensuring that the existing notes will remain legal tender. According to the RBI statement,…

Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a "great extent" because people are hoarding the high value currency.Gandhi, who was leading the currency…

Last Updated: May 19, 2023, 21:02 ISTThe decision may be discreetly aimed at the super-rich who may have hoarded Rs 2,000 notes in black money and will now have to declare them. "Thanks to the arrival of digital payments and especially UPI…

Separate guidelines have been issued to the banks. (Representative image)The RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effectThe Reserve Bank of India (RBI) on Friday announced to withdraw Rs 2000…