000 notes News

Zomato reveals 72% cod orders were paid in Rs 2,000 notes since Friday. RBI announces to withdraw Rs 2000 notes from circulation. Zomato Takes A Dig After Announcement.

The RBI on Friday announced the withdrawal of Rs 2,000 currency notes, which were introduced in November 2016, from circulation.

RBI introduced Rs 2,000 notes following demonetisation of high value Rs 500 and Rs 1,000 notes in November 2016.

RBI may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report.

The Rs 2,000 notes were part of the 281,839 fake notes of various denominations recovered from different locations across India.

In a push to 'Make in India' initiative, the tender document for security features specified that successful bidders will be required to set up the "manufacturing facility" in India within two years from the date of signing of contract and increase the local content in planned manner from the third year.

The finance ministry on Thursday ruled out opening another window for depositing the scrapped Rs 500 and Rs 1,000 notes, with the government now saying that it had expected all the annulled currency to be returned, in line with the latest RBI data.

An SC bench has once again ignited the hope among many people for opening up of a window to exchange demonetised currency for those who could not do so by December 30, 2016 or by March 31.

The Supreme Court on Tuesday granted 2-week time to the Centre and the RBI to mull over option to provide window to those who could not deposit demonetised notes due to valid reasons.

This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI. The earlier window was open till December 31, a day after the 50-day period of demonetisation of high value currency.

Dismissing reports on demonetisation of Rs 2,000 notes, Union Minister Kiren Rijiju on Wednesday said it was not possible for forgers to copy all security features of the new currency notes in Rs 500 and Rs 2,000 denominations.

The limited period window for exchange of junked Rs 500 and Rs 1,000 notes by Indians who were abroad ended today with many failing to do so because of limited counters and lack of procedural awareness.  

India`s economic growth is picking up as liquidity conditions normalise in the aftermath of the note ban, said global credit rating business Moody`s Investors Services on Wednesday.

He is an employee of company responsible for task of placing cash in ATM.

The government will investigate reports of an SBI ATM in South Delhi dispensing fake Rs 2,000 notes and will take all possible steps to control generation of counterfeit currency, a senior minister said on Thursday.

An SBI ATM in Delhi's Sangam Vihar dispensed four notes of Rs 2,000 with "Children Bank Of India" written on them.

The missing image of Mahatma Gandhi from Rs 2,000 notes created a lot of confusion in Madhya Pradesh’s Sheopur district.

This will be PM Narendra Modi's second address to the nation since his announcement in a similar address on November 8 to scrap Rs 1,000 and Rs 500 notes.

The Bharatiya Janata Party (BJP) has said that the ordinance to make possession of a large number of scrapped banknotes a penal offence, making holding of old Rs 1,000 and 500 notes after March 31 beyond a threshold amount a criminal offence, has been brought in order to prevent the hoarding of such notes.

Reserve Bank of India (RBI) has informed that it had only Rs 4.94 lakh crore in 2,000 rupee notes on the day the central government announced scrapping of high denomination notes of Rs 500 and Rs 1,000.