Clean Note Policy 2023: The Reserve Bank of India has announced the withdrawal from circulation of 2,000 Indian rupee notes. The Indian Bank made the declaration just a few moments ago, stating that the currency notes will remain legal tender.
Latest News About 2000 Rupee
The Reserve Bank has asked the public to deposit their 2000 rupee notes or exchange them for other denominations. The public has till September 30 to swap or deposit the currency notes, according to the RBI. It also asked banks to stop issuing the notes immediately. Starting May 23rd, the RBI established an exchange limit of 20,000 rupees at any time at any bank. This is done to ensure operating efficiency and to avoid interruption at all banks.
The RBI has stated that the action is motivated by their clean money policy. In a historic late-evening address seven years ago, the Indian government and Prime Minister Modi outlawed 500- and 1000-denomination notes. They were replaced by new 500 rupee notes and renewed 500 rupee notes.
The exercise has mixed opinion on its effectiveness. The latest decision to prohibit 2000 rupee currency notes will spark the same debate, but reports of such a move have been circulating, especially after the government reaffirmed in December that no new 2000 rupee notes have been created since 2018. in this article we seen latest news about 2000 note. if you get more article like this watch regularly latest news tamil dot com.