Rs 2,000 currency note withdrawal highlights: Mamata calls Rs 2000 withdrawal Tughlaqi demonetisation drama
Rs 2,000 currency note withdrawal highlights: Mamata calls Rs 2000 withdrawal Tughlaqi demonetisation drama
Rs 2000 Note Ban highlights: Reserve Bank of India's announcement to withdraw of Rs 2,000 currency notes from circulation on Friday has left a lot of questions unswered. The people in general have a lot of questions like — where can one deposit or exchange currency notes, how can one deposit or exchange currency notes, what are deposit limit and exchange fees and when is last date for the exercise? We will cover all the aspects of the Rs 2000 currency note withdrawal, nakor reactions and answer all the frequently-asked-questions in this blog.
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Latest Updates
Rs 2000 Note Ban LIVE Updates: Jairam Ramesh says the govt first acts, then thinks
Former Congress central minister Jairam Ramesh said, "Typical of our self-styled Vishwaguru. First Act, Second Think (FAST). 2000 rupee notes introduced with such fanfare after that singularly disastrous Tughlaqi firman of November 8, 2016 are now being withdrawn."
Rs 2000 Note Ban LIVE Updates: Chidambaram calls Rs 2000 note a band-aid to cover up foolish decision of demonetisation
Former finance minister P Chidambaram hits out at the BJP government's decsion to withdraw the Rs 2,000 note, saying its launch was also a decision to cover-up the foolish decision of demonetisation.
Rs 2000 Note Ban LIVE Updates: Mamata calls Rs 2000 withdrawal 'Tughlaqi' demonetisation drama
West Bengal chief minister Mamata Banerjee says the Modi government's decision of withdrawing Rs 2,000 currency notes is a 'Tughlaqi' demonetisation drama, and it would hit the common people hard once again by subjecting them to massive harassment.
Rs 2000 Note Ban LIVE Updates: TN CM Stalin says govt hiding failures through Rs 2,000 note withdrawl
Tamil Nadu chief minister MK Stalin says that the government's decision to withdraw Rs 2,000 notes suddenly shows how it is trying to hide its failure in the Karnataka Assembly Elections. His tweet reads, "500 doubts, 1000 Mysteries, 2000 errors! Karnataka disaster to hide!"
Rs 2000 Note Ban LIVE Updates: Owaisi asks five questions from PM Modi for withdrawing Rs 2000 notes
Hyderabad MP Asaduddin Owaisi has hit out at the Central Government for withdrawing Rs 2,000 currency notes and has asked five questions from the Prime Minister.
Rs 2,000 currency note withdrawal LIVE Updates: Kharge hits out at PM over Rs 2,000 note withdrawal, says he is "troubling" people
Congress President Mallikarjun Kharge termed it as another "note bandi" to trouble the people while lambasting the Central government, and hit out at Prime Minister Narendra Modi over the RBI's announcement on the withdrawal of Rs 2,000 currency notes from circulation.
Taking jibe at PM, Kharge said, "Modi has issued another new order. Whenever he goes to Japan, he will issue a 'note bandi' notification and go. When he went to Japan last time he had done a Rs 1,000 note bandi. This time when he has gone he has done Rs 2,000 note bandi."
Rs 2,000 currency note withdrawal LIVE Updates: NCP slams Union government, says citizens being harassed
The Nationalist Congress Party also slammed the Modi government over Reserve Bank of India's announcement to withdraw Rs 2000 denomination currency notes from circulation.
NCP national spokesperson Clyde Crasto said, "What has the government achieved by introducing the Rs 2000 note and what is it going to now achieve by withdrawing these notes. Demonetisation was hailed as a big success. If that was the case, what is the reason for the withdrawal of Rs 2000 currency notes."
Rs 2,000 currency note withdrawal LIVE Updates: CPI(M) slams BJP over RBI's decision to withdraw Rs 2,000 notes
CPI(M) central committee member Sujan Chakraborty slammed the Narendra Modi government's decision to withdraw Rs 2,000 currency notes, calling it an "astonishing decision and the Prime Minister does not seem to have any explanation for it."
Rs 2,000 currency note withdrawal LIVE Updates: Akhilesh Yadav hits out at govt over withdrawal of Rs 2,000 notes
Samajwadi Party president Akhilesh Yadav said "some people realise their mistakes too late" while targeting the BJP-led government at the Centre over the RBI's decision to withdraw Rs 2,000 currency notes from circulation.
He tweeted: "The same happened in the case of the Rs 2,000 note, but the people and the economy of this country will have to pay for it."
"Governance works not through arbitrariness but through wisdom and honesty," the former Uttar Pradesh chief minister added.
Rs 2,000 currency note withdrawal LIVE Updates: Jharkhand Finance Minister Rameshwar Oraon on RBI scrapping circulation of Rs 2000 note
Jharkhand Finance Minister Rameshwar Oraon says that when he was in Parliament during the UPA govt, he went to a bank where the manager informed him to deposit Rs 500 denomination notes printed before 2005 as it would be demonetised. Govts take such decision, he adds, saying citizens have to follow the advice of RBI.
Rs 2,000 currency note withdrawal LIVE Updates: Bengal CM Mamata Banerjee lambasts Centre over move to withdraw notes
"Another Tughlaqi demonetisation drama which will hit common people," says Mamata Banerjee on scrapping of Rs 2000 notes
Rs 2,000 currency note withdrawal LIVE Updates: Can the Rs 2000 notes be used for cash on delivery of goods? Tax Expert CA Sunil Garg answers
Rs 2,000 currency note withdrawal LIVE Updates: Former Principal Secretary to Prime Minister Nripendra Misra shares PM Modi's thoughts behind introduction of Rs 2000 currency notes
Nripendra Misra, former Principal Secretary to Prime Minister Narendra Modi, has said that PM had maintained since the beginning that the Rs 2000 currency notes were a temporary fix for an extraordinary situation (note crunch after demonitisation).
"The Rs 2000 note is not a feasible mode of transaction for the poor, and keeping it in circulation for a longer time period would've benefitted black-marketeers. For these reasons, the decision to withdraw Rs 2,000 currency note is a move for the betterment of the public and the nation," he told Zee News.
Rs 2,000 currency note withdrawal LIVE Updates: Where can one file a complaint if they face problems in depositing or exchanging Rs 2000 notes?
The Reserve Bank of India (RBI) mentions in its circular that for redressal of grievance in case of deficiency of service, the complainant / aggrieved customer may first approach the concerned bank. If the bank does not respond within a period of 30 days after lodging of the complaint or if the complainant is not satisfied with the response/resolution given by the bank, then the complainant can lodge the complaint under the Reserve Bank - Integrated Ombudsman Scheme (RB-IOS), 2021 at the Complaint Management System portal of RBI (cms.rbi.org.in).
Rs 2,000 currency note withdrawal LIVE Updates: Are there any special provisions for senior citizens who will be visiting banks to exchange notes?
RBI said in its directive that banks have been instructed to make arrangements to reduce inconvenience to senior citizens, persons with disabilities, etc., seeking to exchange/deposit.
Rs 2,000 currency note withdrawal LIVE Updates: Why has the limit been set at Rs 20,000? Former Finance Secretary Subhash Chandra Garg answers
Rs 2,000 currency note withdrawal LIVE Updates: What will happen to the Rs 2000 notes after September 30?
The Reserve Bank of India (RBI) has not mentioned anything about what will be the status of 2,000 notes in private hands after September 30.
Rs 2,000 currency note withdrawal LIVE Updates: RBI's withdrawal of Rs 2,000 note will not affect the common man, says former CEA Krishnamurthy Subramanian
Former Chief Economic Advisor Krishnamurthy Subramanian has said that Reserve Bank of India (RBI)'s decision to withdraw Rs 2,000 currency note "will not affect the common man of the society" as its cash in circulation is only 10 per cent and people prefer digital transactions these days.
"When a common man comes out to buy something, for example for ordering tea from a chai vendor. While doing this, the tea vendor doesn't have to go through the pains of searching the change in his pocket or kitty and the customer can do the transaction with Paytm and PhonePay right away," he said.
Rs 2,000 currency note withdrawal LIVE Updates: Karthik Srinivasan, Senior Vice President Financial Sector Ratings of ICRA reacts to RBI move
"As witnessed during demonetisation, we expect the deposit accretion of banks could improve marginally in near term. This will ease the the pressure on deposit rates hikes and could also result in moderation in short-term interest rates," Karthik Srinivasan, Senior Vice President Financial Sector Ratings, ICRA said.
Rs 2,000 currency note withdrawal LIVE Updates: When is the deadline for depositing or exchanging Rs 2000 notes?
Reserve Bank of India (RBI) has said that individuals can avail of the exchange facility from May 23, 2023, and the window will be open till September 30, 2023.
Rs 2,000 currency note withdrawal LIVE Updates: What are the exchange fees for depositing or exchanging Rs 2000 notes?
There will be no exchange fee for depositing or exchanging Rs 2000 notes.Rs 2,000 currency note withdrawal LIVE Updates: How much can you exchange if you do not have a bank account?
RBI has clarified that a non-account holder also can exchange Rs 2000 banknotes up to a limit of Rs 20,000- at a time at any bank branch.
Rs 2,000 currency note withdrawal LIVE Updates: What to do if you do not have a bank account?
RBI has also informed that individuals who do not have a bank account can also proceed with the exchange process.
Rs 2,000 currency note withdrawal LIVE Updates: How to deposit of Rs 2000 banknotes?
RBI has informed that deposits can be made into bank accounts without any restrictions subject to compliance with the existing Know Your Customer (KYC) norms and other applicable statutory/regulatory requirements.
Rs 2,000 currency note withdrawal LIVE Updates: Where can you deposit Rs 2000 notes?
Reserve Bank of India has specified that individuals can deposit and/or exchange these Rs 2000 banknotes in any commercial bank branch on or before September 30, 2023. The exchange facility will also be available at the 19 Regional Offices (ROs) of RBI having Issue Departments until September 30, 2023, the central bank said in its release.
Rs 2,000 currency note withdrawal LIVE Updates: RBI withdraws Rs 2000 notes from circulation, will continue as legal tender till Sept 30 — WATCH
Rs 2,000 currency note withdrawal LIVE Updates: Senior BJP leader D Purandeswari says it is not demonetisation
Rs 2,000 currency note withdrawal LIVE Updates: Former Niti Aayog VC Arvind Panagariya says RBI's move to have no perceptible effect on economy
Former NITI Aayog Vice Chairman Arvind Panagariya has said the Reserve Bank of India’s (RBI) decision to withdraw Rs 2,000 currency notes from circulation will not have any 'perceptible effect' on the economy. He also noted that any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit.
Rs 2,000 currency note withdrawal LIVE Updates: Is Rs 2000 now illegal? Can I transact with it?
The Reserve Bank of India has informed that the note still has its legal tender status, and people can use Rs 2000 banknotes to transact and also receive them in payment.
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