People can now conveniently send their Rs 2,000 banknotes to regional offices of the Reserve Bank of India (RBI) via insured post for direct credit in their bank accounts. This option is particularly beneficial for individuals who are unable to visit the regional offices in person. The RBI is also offering a Triple Lock Receptacle … Read more
New Delhi: The decision to phase out ₹2,000 denomination notes from the system won’t have any significant impact on the money supply or financial transactions, finance ministry mandarins told ET, allaying concerns about any fall out on the Indian economy or rural population. Most of these high-value notes, printed after the 2016 demonetisation, are not … Read more
New Delhi: Withdrawal of Rs 2,000 currency notes is a ‘non-event’ and will have zero impact on the economy and monetary policy, former finance secretary Subhash Chandra Garg said on Saturday. The higher denomination currency note of Rs 2,000, he said, was pressed into service at the time of demonetisation in 2016 for ‘accidental reasons’ … Read more