Demonetisation

The existing Rs 2,000 denomination banknotes will continue to be legal tender.He also mentioned that people don’t need to rush to nearby banks to exchange the Rs 2,000 notes. Reserve Bank of India (RBI) Governor Shaktikanta Das on…

'...because it is still legal tender.' IMAGE: People exchange Rs 2,000 notes at a bank in New Delhi following the RBI's decision to withdraw the currency notes from circulation. Photograph: Sanjay Sharma/ANI Photo Rama Subramaniam Gandhi,…

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…

A view of Supreme Court of India. File | Photo Credit: The Hindu The Supreme Court on June 7 sought a report from its Registry on the issue of urgent listing of a plea challenging the notifications enabling the exchange of ₹2,000 currency…

Wrestlers defer plan to immerse medalsGathered on the banks of the Ganga at Haridwar to immerse their medals as an act of protest just two days after their eviction from Jantar Mantar, India’s top wrestlers were stopped from their drastic…

The Rs 2,000 banknotes were introduced primarily to replenish the notes withdrawn following demonetisation in 2016. (Representational pic/PTI)It was in response to a plea challenging the RBI's notification regarding the withdrawal of Rs…

Old Rs 500 and Rs 1,000 notes were demonetised in 2016. No record is being kept while depositing and exchanging Rs 2,000 currency notes.Six and a half years after the demonetisation of Rs 500 and Rs 1,000, the Reserve Bank of India has…

The 1,000, 5,000, and 10,000 rupee notes were demonetised in 1978 by the Morarji Desai In 1938, the RBI issued the first Rs. 10,000 note.The 2016 demonetisation exercise sparked a lot of controversy, with complaints of inconvenience to…

Maharashtra, Tamil Nadu, Gujarat, Karnataka and Uttar Pradesh accounted for 43.10% of the ATM cash replenished during 2022-23. (PTI/File)The CMS India Cash Vibrancy Report 2023 showed cash withdrawal from ATMs using debit cards across India…

RBI has given time until September to deposit Rs 2,000 notes.The Income-tax Law has defined the concept of a Statement of Financial Transaction or reportable account to keep an eye on high-value transactions carried out by the…