000 Notes Withdrawn
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Day 1 Of Rs 2,000 Exchange: Confusion Over ID, Form. What Banks Said
Rs 2,000 Notes Withdrawn: The first day of exchanging or depositing junked Rs 2,000 notes is off to a rocky start with confusion over the requirement of officially valid identity cards, like PAN or Aadhaar, and official forms.
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Explained: Why Rs 2,000 Note Was Introduced, And Why It's Being Junked
"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.
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Day 1 Of Rs 2,000 Exchange: Confusion Over ID, Form. What Banks Said
Rs 2,000 Notes Withdrawn: The first day of exchanging or depositing junked Rs 2,000 notes is off to a rocky start with confusion over the requirement of officially valid identity cards, like PAN or Aadhaar, and official forms.
-
Explained: Why Rs 2,000 Note Was Introduced, And Why It's Being Junked
"Total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3% of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8% of Notes in Circulation on March 31, 2023," RBI said.
