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RBI Decision: Apart from 2000, if you also have 500 rupee notes, then read this news carefully.

by Vikram Dave
09/06/2023
in Business
Reading Time: 2 mins read
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RBI Decision: Apart from 2000, if you also have 500 rupee notes, then read this news carefully.

Mumbai If you have 500 notes apart from 2000 notes, then it is necessary to read this news. The news of 500 notes will be told later. First know what is the latest information about 2000 notes. The Reserve Bank (RBI) started the process of withdrawing 2000 notes from May 23. 2000 notes are to be withdrawn by 30 September 2023, but it seems those who have 2000 notes are trying to get them replaced as soon as possible. RBI Governor Shaktikanta Das told today that 50 percent of the 2000 rupee notes which were in the market have been returned till now. Shaktikanta Das told that when RBI talked about the return of 2000 notes, then such notes worth 3.62 lakh crore were in circulation in the market. Till now, out of these, 2000 notes worth Rs 1.80 lakh crore have also been returned. According to the RBI governor, 85 percent of these 2000 notes have been deposited by people in their accounts.

After the RBI’s decision to withdraw 2000 rupee notes, there were speculations that 500 notes may also be withdrawn later. Some people were believing that RBI can once again issue 1000 rupee notes. Shaktikanta Das replied about these speculations as well. He made it clear that there is no thought of taking back the 500 note. RBI is not going to bring even Rs 1000 notes. RBI Governor said that people should not panic or show haste to exchange 2000 notes. He has plenty of time for this. Yes, they should either deposit the 2000 rupee note in their account or get it exchanged as soon as possible to avoid last minute panic.

2000 notes

2000 rupee notes were issued by the Reserve Bank in the year 2016 at the time of demonetisation. The Reserve Bank stopped printing these notes from 2017 itself. In the last few months, in the raids of Income Tax and ED, bundles of 2000 notes came out from the accused. Since then, speculations were being made that 2000 rupee notes would be discontinued. The government did not stop these notes, but the decision to take them out of circulation was definitely announced by the Reserve Bank.

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