2000 Rupee Note: What was the big statement of RBI Governor Shaktikanta Das regarding the closure of Rs 2000 note?

RS 2000 Note: RBI Governor Shaktikanta Das has given a big statement regarding the closure of 2000 rupee note. Let me clarify and emphasize again that this is part of the currency management function of the Reserve Bank… For a long time, the Reserve Bank has been following a clean note policy, he said. The RBI from time to time withdraws certain series of notes and issues new notes. We are withdrawing Rs 2000 notes from circulation but they will remain legal tender.

Small shopkeepers are not accepting Rs 2000 notes at some places

It was observed that at some places small shopkeepers were not accepting 2000 notes. There will be no problem with this decision. In Mumbai, RBI Governor Shaktikanta Das said on withdrawing Rs 2000 note that four months time has been given and people can easily change the note, you can easily change the note. There is 4 months to take this matter seriously. There is plenty of time to exchange notes. Don’t consider the ban on exchanging old notes as a problem.

There is no shortage of other notes in the market

Shaktikanta Das said that there were many reasons behind bringing 2000 note and this step was taken as a matter of policy. It would be good if people take the ban on exchanging old notes seriously. However, banks will have to prepare the data of note exchange and keep the details of 2000 notes in the bank. The facility of exchanging 2000 notes will be normal. Four months have been given to change the 2000 note and complete preparations have been made in the banks. People should not rush the bank and there is no dearth of other notes in the market.

The RBI governor said that the withdrawal of Rs 2000 notes from circulation is part of the clean note policy and should be considered as part of the currency management system of the RBI. There is a lot of time to change the notes, so people should not panic in changing the notes. RBI will listen to any difficulty that may arise and full care has been taken to ensure that the public does not face any kind of trouble due to the ban on exchange of old notes.

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— ANI (@ANI) May 22, 2023