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2000 currency note: Under the Clean Note Policy Reserve Bank of India Rs. 2000 note circular has been issued. Under this, the bank will withdraw 2000 rupee notes from the market and after September 2023, these notes will be discontinued. RBI has fixed the date of note exchange as 30 September 2023. It has also been clarified that people should not panic. These notes will continue to circulate and remain valid as before, but you can go to the bank and exchange them before the due date.
Will the Rs 500 note be the biggest?
Now the question is, will the Rs 500 note be the biggest? If we look at the Indian Rupee system, then the Rs 2000 note was the largest currency in our note system. This note of light pink color was issued by the Reserve Bank on 8 November 2016 after demonetisation. This was the biggest change in the currency system, as earlier Rs 1000 was the largest currency in circulation. When PM Modi did demonetisation, he stopped the old Rs 500 and Rs 1000 notes.
500 note returned in new color
Although the Rs 500 note came back in a new form after that, a currency twice its value replaced the Rs 1000 note. Now RBI has given Rs. 2000 note announced, now only Rs. 500 note has been the biggest in the currency system.
Rs. Will 1000 notes come back?
RBI has withdrawn the 2000 rupee note, but now the question is whether the 1000 rupee note will be brought back? Actually the currency of 1000 rupees was suitable for big transactions, shopping in the market etc. Then when it was closed, the 2000 rupee note replaced the big currency, but for many days people remained confused about this new currency. It is also related to the thinking of the Indian public and middle class people. Indians have always been cautious about savings. Talking about 2000 rupees, people are thinking that if this big note is sold in retail, then the possibility of spending a huge amount of two thousand increases. With Rs 1000 note, this financial risk is halved.
No wonder if Rs 1000 notes come back again: P. Chidambaram
Former Finance Minister P Chidambaram has given a statement regarding the withdrawal of Rs 1000 notes. He said, ‘As expected, the government/RBI will provide Rs. 2000 notes have been withdrawn and time has been given till September 30 to exchange the notes. Barely Rs. 2000 note is a popular medium of transaction. We said this in November 2016 and we have been proved right. Rupee. 500 and Rs. To cover up the foolish decision of demonetisation of Rs 1000. The 2000 note was a Band-Aid. Both these notes were popular and widely known currencies for transactions.
A few weeks after demonetisation, the government/RBI had to pay Rs. Forced to bring back the 500 note. Chidambaram said that if the government/RBI Rs. I will not be surprised if they reintroduce 1000 note as well. He said, the era of demonetisation has come.
Notes will be withdrawn gradually
According to the Reserve Bank, the printing of new notes of 2 thousand rupees has been stopped and the Reserve Bank will gradually withdraw these notes. Common people can deposit their 2-2 thousand notes in any bank till 30 September. With this, the common people will not have to worry like the previous demonetisation and they will be able to use the Rs 2000 notes they have. RBI has advised the country’s banks to launch 2000 rupee notes. But now it has been decided to withdraw the Rs 2000 note from circulation.
