Showing results for "#Banknotes"
RBI says 98.18 pc of Rs 2000 notes returned
On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation.
RBI withdraws Rs 2000 note from circulation
19 May 2023 1:43 PMThe notes can be exchanged with banks before September 30 and separate guidelines have been issued to banks.
No forms, ID cards needed for exchange of Rs 2000 banknotes: SBI
21 May 2023 9:31 AMAbout 89 per cent of the Rs 2000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life span of four-five...
Chaos, confusion on first day of Rs 2,000 note exchange in Delhi
23 May 2023 10:19 AM"There is confusion as some people are being asked to deposit the money in their accounts. Exchange is being denied. This development has left people...
Yemen's rival powers battle over banknotes
18 Jan 2020 1:26 PMYemenis from both sides told Reuters the ban had effectively created two currencies with diverging values, adding to the turmoil in a state already...
No decision to discontinue printing of Rs 2,000 banknotes: MoS Finance...
16 March 2020 1:31 PMThe government on Monday said no decision has been taken to discontinue printing of Rs 2,000 banknotes, and state-owned SBI and Indian Bank are...
Why paper towels, coins beat hand dryers, banknotes
21 April 2020 9:19 PMWhat do paper towels and copper coins have in common? One thing is that they have both increasingly gone out of fashion in recent years.
Towards a cashless society: Hard cash, no longer a trusted ally
20 May 2020 8:09 PMA growing number of businesses and individuals have stopped using banknotes in fear that physical currency, handled by thousands of people over their...