2000 rupee notes

Shaktikanta Das, Governor of the Reserve Bank of India. File | Photo Credit: Reuters Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the ₹2,000 currency notes have returned…

File picture of a customer exchanging currency notes at a bank. | Photo Credit: A.M. FARUQUI About 50% of ₹2,000 notes in circulation as on March 31, 2022, have been deposited or exchanged in banks since the announcement to withdraw the…

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said.…

The majority of the Rs 2,000 denomination notes were issued by the RBI before March 2017.RBI has advised the public to either deposit their Rs 2,000 banknotes into their bank accounts or exchange them for banknotes of other denominations at…

India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent of a shock demonetization exercise in 2016. A…