Demonetization of Rs. 2000 note

[Sushubh]

Indian rupee poised to weaken after central bank pulls 2,000-rupee notes

The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation.

www.reuters.com

 

[Sushubh]

"2016.SBI has now clarified that no identification or filling of forms will be needed for those wanting to exchange the Rs 2,000 notes."

Who Is the Complicated Process to Hand in Rs 2,000 Notes Meant to Target?.

 

[Sushubh]

 

[Tejas01]

Nothing is ever going to be smooth when any half-arsed baked policies are introduced at whims and fancies. EoD it's the middle class who is going to suffer.

 

[armaan_99]

Already many retail outlets and petrol pumps have stopped accepting 2000 notes, not understanding why RBI announced this move, they should have simply informed banks with there internal communication to stop issuing 2000 notes to customers, however they have kept it as legal tender even after Sep 30th. So makes zero sense on announcement.

 

[Sushubh]

 

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[mhsabir]

Between mom, sis and sis-in-low, we collectively lost around 10k. I am already beginning to think should expect atleast 20-30k loss due to notes being found in obscure places months/years after deadline.

P.S. my sister found a couple of notes as recently as 2020-21 while they cleaning up stuff - though one could argue as these should not count as no one can really expect a few years of window to exchange old notes.

 

[Sushubh]

After RBI's big order, Zomato says 72% of CoD bills paid in ₹2,000 notes

The Reserve Bank of India (RBI) on Friday announced to withdraw ₹2000 denominations from circulation.

www.hindustantimes.com

i wonder how many delivery guys had to deal with abuses about lack of change etc.

looks like hindustan times really did not have any extra information.

 

[Sushubh]

SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes

The Reserve Bank of India has announced the withdrawal of ₹2,000 currency notes from circulation

www.thehindu.com

this is so crazy.

if you deposit in your account, you gotta answer to tax authorities.

if you exchange at any random bank, all is well. how are they even going to track that same person is not coming multiple times lol.

 

[brambedkar59]

We elected a clown, so we are seeing circus for last 9 years...