2000 Notes : Tumult and Disarray.
Why has the RBI removed Rs 2,000 notes? Tumult and Disarray. You have from May 23 to Sept 30 to store these notes in your ledger or trade them for different sections. Yet, you can trade just 10 notes all at once. Why has the RBI done this? The Save Bank of India (RBI) has chosen to pull out the Rs 2000 division banknotes from course. Yet, existing notes will keep on being legitimate delicate, the RBI declared on Friday. The national bank has encouraged the general population to store Rs 2000 banknotes, which were presented after Rs 500 and Rs 1000 notes were removed during the demonetisation practice quite a while back, into their ledgers and/or trade them into banknotes of different groups at any bank office. The Rs 2000 note was presented in November 2016 under Area 24(1) of The RBI Act, 1934, basically with the target of meeting the cash necessity of the economy quickly after the legitimate delicate status of Rs 500 and Rs 1000 notes was removed. With the satisfaction of that goal