Diabytes
New Rs 2000 notes News
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The Reserve Bank Of India has said that the banknotes in Rs 2000 denomination will continue to be legal tender till September 30, which is the deadline by when people should exchange the notes.
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Though you can't Rs 2,000 Notes on Amazon for cash on delivery from today, if your product is delivered through a third-party courier partner, their own policies will apply.
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Amazon however said that if your product is delivered through a third-party courier partner, their own policies around the acceptance of Rs 2,000 currency notes will apply.
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Consequently, Rs 2,000 bank notes in circulation as at the close of business on June 30 stood at Rs 0.84 lakh crore.
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Digital payments, which used to be 40 per cent of daily sales at pumps, have dropped to 10 per cent while cash sales have increased dramatically.
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The Rs 2000 banknotes were taken out of circulation by the Reserve Bank of India on May 19, although they will still be accepted as legal money. RBI advised banks to immediately stop issuing banknotes having a value of Rs 2000.
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Exchange of Rs 2,000 banknotes into banknotes of other denominations can be made upto a limit of Rs 20,000 at a time at any bank starting from May 23, 2023.
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RBI has said that exchange of Rs 2,000 banknotes into banknotes of other denominations can be made upto a limit of Rs 20,000.
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Shaktikanta Das in an interaction with media persons today said that the higher value of currency was manufactured in a brief period of time to increase liquidity in the economy.
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The acceptability of pink notes in the denomination of Rs 2,000 has come down drastically after the government decided to withdraw them from circulation and gave a four-month window for the same.
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RBI has asked the banks to stop the circulation of Rs 2,000 denomination notes with immediate effect.
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DEA Secretary Shaktikanta Das, addressing a press conference in the National capital, made several announcements today --Here are 10 big developments.
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Coming to the rescue of the farmers who are facing huge cash crunch following PM Modi's decision to demonetise the high value currency notes, Finance Ministry on Thursday said that they can draw upto Rs 25,000 a week.
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