The Demise of the ₹2000 Note. Is 2000 Rupees Note Banned? On Friday, May 19, 2023 , the Reserve Bank of India (RBI) took a momentous step by announcing the discontinuation of the 2000 Rupees Note. According to the RBI, a staggering 89% of the Rs.2000 banknotes, which were printed before March 2017 , are no longer in circulation. This decision is aimed at ensuring the authenticity of the currency, and while the notes remain legal tender, holders are required to exchange them before September 30th, 2023 , in order to retain their face value. Table Of Contents Introduction On November 8, 2016 , India witnessed a landmark event in its history when Prime Minister Narendra Modi announced the sudden demonetization of the ₹500 and ₹1000 currency notes. While the primary objective was to curb black money, tackle counterfeit currency, and promote digital transactions, it also led to the eventual disappearance of the ₹2000 note. This article delves into the reasons behind ...
All the information on this website "trendcyclopedia" is totally trusted and genuine. Also, it will help you to go along with the trends without missing anything.
Comments
Post a Comment