Indian Currency

Important Update: Exchange of Rs 2,000 Notes Limited to RBI Offices UPTIL October 7th

The Reserve Bank of India (RBI) has prolonged the timeframe for the exchange and deposit of 2,000-rupee notes until October 7th. It’s worth noting that on May 19, the RBI discontinued the use of 2,000-rupee notes and provided a grace period of approximately four months for individuals to either deposit or exchange these notes. The …

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RBI Governor Shaktikanta Das Reacts to the Withdrawal of ₹2,000 Notes

Business, Finance and Economy, News and Updates / By My Finopedia / May 22, 2023 May 22, 2023

Recently in a press meeting, the RBI ( Reserve Bank of India) Governor Shaktikanta Das explained about withdrawing RS. 2000 notes from currency. “The decision to withdraw these currency notes was taken as there were enough notes of other denominations now. We have more than adequate quantity of printed notes available in the system” – …

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₹2000 Denomination Banknotes – Bid Farewell to the 2000 Notes as RBI Set a Deadline for Exchange by September 30

Business, Finance and Economy, News and Updates / By My Finopedia / May 19, 2023 May 21, 2023

In an overnight move, the Reserve Bank of India (RBI) has announced the withdrawal of the ₹2000 rupees notes from circulation. But, it is also significant to know that these banknotes will continue to hold status as legal tender. Let’s dive into the details of this decision and its implications for the public. The RBI’s …

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