demonetization - Information Array

The RBI’s Move: Banning 2000 Rupees Note for a Stronger Economy

September 19, 2023September 8, 2023 by Shravanthi Surve

Banning 2000 Rupees: In a significant step towards curbing black money and counterfeit currency, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 notes on May 1, 2023. These high-value notes, introduced in 2016 post the demonetization of Rs 500 and Rs 1000 notes, had become a major concern for the Indian … Read more

RBI Withdraws ₹2000 Note from Circulation, Ensures Continued Legal Tender Status

May 19, 2023 by Shravanthi Surve

RBI Withdraws ₹2000 Banknotes from Circulation, Ensuring Continued Legal Tender Status Introduction In a recent announcement, the Reserve Bank of India (RBI) has decided to withdraw the ₹2000 denomination banknotes from circulation. However, it is important to note that these banknotes will continue to retain their legal tender status. The RBI’s move is part … Read more

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