RBI to withdraw Rs. 2000 notes from circulation; details here
Mumbai: In a significant move, the Reserve Bank of India (RBI) has announced the immediate discontinuation of printing new ₹2000 denomination banknotes. However, it has clarified that the existing ₹2000 banknotes will continue to be recognized as legal tender.
The introduction of ₹2000 banknotes in November 2016 was aimed at swiftly fulfilling the currency requirements of the economy after the withdrawal of ₹500 and ₹1000 banknotes. With the circulation of banknotes in other denominations improving over time, the original purpose of introducing the ₹2000 banknote has been successfully achieved, leading to its printing being halted in 2018-19.
The RBI's decision to withdraw ₹2000 banknotes from circulation aligns with its "Clean Note Policy." Despite this, individuals can still use these banknotes for transactions as they will remain legal tender, said RBI in its press release.
To ensure convenience and minimize disruptions at bank branches, the exchange of ₹2000 banknotes for banknotes of other denominations will be limited to ₹20,000 at a time, effective from May 23, 2023. Banks have been instructed to provide deposit and exchange facilities for ₹2000 banknotes until September 30, 2023.
Furthermore, the RBI's 19 Regional Offices with Issue Departments will facilitate the exchange of ₹2000 banknotes up to the limit of ₹20,000 at a time, starting from May 23, 2023.
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Mysuru: Businessman from Kerala attacked by masked men; car stolen by group
Mysuru: A businessman from Kerala, who was traveling in his car in the taluk on Monday morning, was stopped by a group of robbers on the outskirts of Mysuru city and robbed of his car.
The robbers, who were in three four-wheelers, are learned to have forced the businessman’s vehicle to stop at a point in Jayapura hobli. They also allegedly assaulted the people travelling in the car before forcing them to get out of the vehicle. The miscreants are learned to have driven away from the place in the businessman’s car.
Mysuru Superintendent of Police N Vishnuvardhana has confirmed that the car driver, who was also assaulted by the group, was injured in one hand.
He said that an FIR will be filed based on the statement from the Calicut (Kozhikode) businessman, adding that investigation teams have been formed to probe the case.
The senior officer, however, has said that details on the monetary loss incurred by the businessman and regarding weapons used by the miscreants in the incident is yet to be confirmed.
