2000 Rupees Notes: On Friday, May 19, the country’s central bank, the Reserve Bank of India, announced a decision and announced the withdrawal of 2000 rupee notes from circulation. Soon after this announcement by RBI, it became clear that now India’s biggest currency note 2000 is going to be bid farewell. On May 19, the RBI said that it would withdraw all Rs 2000 notes as a part of the clean note policy, adding that it would continue to be legal tender. According to RBI, people can deposit Rs 2000 notes in their bank accounts and/or exchange them for other denomination bank notes at any bank branch from May 23 to September 30.
Rs 2000 notes were introduced in the year 2016
After the demonetisation brought in the year 2016, the arrival of Rs 2000 note in the country happened for the first time in the country and a lot of enthusiasm was seen among the people regarding this pink currency. Questions have been raised from time to time about the rationality of a big currency note like 2000 rupees and recently this note has been discussed more in the context of black money being caught in the country.
What the Reserve Bank Governor said
Yesterday i.e. on Monday, May 22, Governor of the Reserve Bank of India Shaktikanta Das talked about it for the first time after the 2000 rupee note was taken out of circulation. RBI Governor Shaktikanta Das has said that the Reserve Bank of India expects that most of the notes in circulation of Rs 2000 will be returned to the banks by 30 September. Speaking on Monday, he said that most of the Rs 2000 notes would be returned to the banks by September 30, 2023 and also urged people not to rush to the banks to collect deposits.
According to RBI, about 181 crore notes of 2000 rupees are in circulation. He said that the objective of coming up with Rs 2000 notes to fill the void created by the withdrawal of Rs 500/1000 notes has now been fulfilled. Now a sufficient number of currency notes are in circulation. He said that Rs 500 note will be printed as per the requirement. According to him, earlier also many shops and other people were reluctant to accept Rs 2000 notes. He also said that the security features of the Rs 2000 note have not been breached.
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