RS 2000 NOTES
Gold Price Today: Yellow metal prices gain over Rs 900, silver rises over Rs 2,000
Following dovish Fed comments, gold and silver prices surged, with gold opening at Rs 72,460 per 10 grams and silver at Rs 91,904/kg. Market anticipates potential rate cuts. Dollar index decline supports bullion markets. Expect volatility ahead of US job reports. Expert forecasts range-bound movement due to US holiday.
Vodafone UK may offer Rs 2,000 crore equity topup to Vi
Vi may also make more substantial payments to Indus towards cutting its dues after the telco raises debt of ₹23,000-25,000 crore through term loans as planned, analysts added. After the recent sale of its 18% stake in Indus, UK's Vodafone holds 3.1% of the tower company and is said to be in talks with Bharti Airtel to sell these shares, people familiar said.
Rs 2000 notes: 97.87% returned; Rs 7,581 crore worth notes still with public
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 7,581 crore at the close of business on June 28, 2024.
Gold Price Today: Yellow metal opens at Rs 71,515/10 grams, silver down by Rs 2,000 this week
Amidst market fluctuations, following Manoj Kumar Jain's guidance, consider selling gold around Rs 71,650 with a stop loss at Rs 71,860. Expect volatile movements in gold and silver prices this week, influenced by factors like the dollar index and upcoming U.S. economic data. Stay informed to navigate the changing market landscape effectively.
India's transaction trends: ePayment riches leave circulation of currency poorer
India's transition to digital payments is effectively curbing the traditional outflow of currency from its banking system, as evidenced by the sharpest decline in the growth of currency in circulation (CIC) since demonetisation in FY24. The Reserve Bank of India's (RBI) decision to phase out Rs 2,000 banknotes from circulation last year further contributed to this trend.
97.76% of Rs 2000 currency notes returned, says RBI
The Reserve Bank of India (RBI) reported that 97.76% of the Rs 2000 denomination banknotes have been returned to the banking system, leaving only Rs 7,961 crore with the public. Since the announcement of their withdrawal from circulation on May 19, 2023, the total value of Rs 2000 banknotes has decreased from Rs 3.56 lakh crore to Rs 7,961 crore by April 30, 2024. Despite the withdrawal announcement, Rs 2000 banknotes remain legal tender.
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97.69% of Rs 2,000 currency notes returned: RBI
The Reserve Bank of India (RBI) reported that nearly 97.69% of the Rs 2000 denomination banknotes have returned to the banking system, leaving only Rs 8,202 crore worth of withdrawn notes still with the public. The total value of Rs 2000 banknotes in circulation has declined from Rs 3.56 lakh crore on May 19, 2023, when the withdrawal was announced, to Rs 8,202 crore on March 29, 2024.
RBI announces temporary halt to Rs 2,000 banknote exchange/deposit on April 1
The Reserve Bank of India (RBI) has announced that the facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024, due to operations associated with the annual closing of accounts. This facility will resume on Tuesday, April 2, 2024, at the 19 issue offices of the RBI. The RBI had previously announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.
Impact of Rs 2,000 notes withdrawal: Currency-in-circulation growth dips to 3.7% in Feb
The growth rate of currency in circulation slowed down to 3.7% for the week ended February 9, compared to 8.2% a year earlier, due to the Reserve Bank of India's decision to withdraw Rs 2,000 banknotes. Currency in circulation includes all notes and coins in circulation, excluding cash held by banks. Commercial banks also saw double-digit growth in deposits in January, which can be linked to the withdrawal of Rs 2,000 notes.
Facility to exchange/deposit Rs 2,000 notes to remain closed on Jan 22: RBI
The Rs 2,000 bank notes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1,000 and Rs 500 bank notes. The Rs 2,000 bank notes continue to be legal tender.
Rs 2,000 notes: List of 19 RBI regional office, addresses where you can exchange Rs 2,000 notes now
Deposit or exchange of Rs 2000 currency notes at bank branches has stopped. Now it can be deposited only through RBI regional offices having Issue Departments. It can also be exchanged by individuals, entities at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time.
What is the last date for exchange Rs 2000 banknotes in RBI?
Rs 2,000 currency notes exchange: The last date to deposit and exchange Rs 2000 banknotes at bank branches was October 7, 2023. However, individuals, entities can still exchange and deposit Rs 2000 banknotes at the 19 RBI Issue Offices.
Exchange of Rs 2000 note at RBI Mumbai office will not be available tomorrow
The Reserve Bank of India (RBI) informed that owing to operational considerations, the exchange of Rs 2,000 notes will not be available on January 12 at the RBI's Mumbai Regional Office.
RBI says Rs 2,000 notes can be exchanged through post offices as well
In May last year, the apex bank announced its decision to withdraw the Rs 2,000 notes, which was first introduced after the demonetisation exercise in 2016. The decision to withdraw the Rs 2,000 notes was taken as most of these notes had exceeded their expected lifespan and were also not being used by the public for transactions, the RBI had said.
97.38 percent of Rs 2000 notes back with RBI
The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹9,330 crore at the close of business on December 29, 2023, RBI said
Nearly 97.38% Rs 2,000 notes returned to banking system; Rs 9,330 cr still with public: RBI
Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The deadline was later extended to October 7. Deposit and exchange services at bank branches were discontinued on October 7.
You can send Rs 2,000 bank notes via post office to RBI office for direct credit into your bank account
The deposit and/or exchange of Rs 2000 banknotes was initially available at all bank branches in the country until September 30, 2023, and was then extended till October 7, 2023.
How to get Rs 2000 notes deposited, exchanged after October 7 deadline
RBI did not extended the deadline to deposit, exchange Rs 2000 after the deadline to do so expired on October 7, 2023. However there is no need to panic or worry as there is an alternative way using which people can still exchange, deposit their Rs 2000 notes even now.
RBI reveals over 97% of Rs 2,000 notes returned, Rs 10,000 crore worth notes still in circulation
The Reserve Bank of India (RBI) said in a circular on Wednesday that it has received over 97 per cent of Rs 2,000 notes, however, notes worth Rs 10,000 crore are still with public. This year in May, the bank had officially announced the withdrawal of Rs 2,000 notes.
What will happen if one cannot deposit, exchange Rs 2,000 banknotes by October 7, 2023?
Rs 200o currency note exchange: The Reserve Bank of India (RBI) extended the deadline to exchange, deposit of Rs 2000 to October 7, 2023. According to the RBI press release, the following will happen from October 8, 2023.
Latest deadline: What is the last date to exchange or deposit Rs 2,000 bank notes?
Rs 2,000 exchange deadline: Members of the public can exchange Rs 2000 banknotes up to to a limit of Rs 20,000 at a time.
Last date to exchange Rs 2000 bank notes extended
The Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 deadline from September 30, 2023.
Will you be able to exchange, deposit 2000 notes in banks after new RBI deadline of Oct 7? RBI clarifies
The Reserve Bank of India (RBI) has now clarified what will happen to Rs 200 currency notes when new deadline of October 7, 2023 expires.
Will you be able to exchange or deposit Rs 2000 notes after September 30?
The Reserve Bank of India, in its notification dated May 19, 2023, announced the withdrawal of Rs 2,000 note from circulation. The RBI asked the public to deposits and/or exchange the Rs 2000 currency notes by September 30, 2023. However, the notification did not clarified what will happen if an individual is not able to deposit or exchange Rs 2000 note by September 30. Do note that Rs 2000 note continues to remain legal tender.
Today is the last date to exchange Rs 2,000 notes: Where, how to exchange, limits, charges, documents
Deposits into bank accounts can be made normally, that is, without limits and in accordance with current directives and other relevant RBI guidelines.
Only a month left to exchange Rs 2,000 notes but banks closed for 16 days across states; How to exchange
Rs 2,000 note exchange: The RBI had given four months duration to ensure that the exercise is completed on schedule and to give the public enough time to prepare.
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