1000 Rupee Note: On 8 November 2016, the central government had announced the closure of old notes of 500 and 1000 rupees.
Although, after this new notes of 500 rupees were introduced in the market, but instead of 1000 rupees note, the central government had decided to bring 2000 rupees note. But now the Reserve Bank of India (RBI) has announced the closure of 2000 rupee note after six and a half years.
RBI Governor’s big statement on Rs 2000 Note: Ever since the RBI has announced the withdrawal of Rs 2000 note, the market of rumors about the return of Rs 1000 was hot. But meanwhile, RBI Governor Shaktikanta Das has denied these rumors and made it clear that the government has no intention of printing Rs 1000 note.
According to Das, by September 30, most of the 2,000 notes present in the market will reach the RBI. The RBI governor claimed that the supply of other denominations ie other notes in the system is good.
Banks should not be in a hurry: RBI Governor Shaktikanta Das said on Monday that there is no need for banks to be in a hurry to exchange Rs 2,000 as there are still four months left for the September 30 deadline. If there is any problem during this period, the Reserve Bank of India will consider it.
According to Das, the decision to remove Rs 2,000 from circulation is part of the currency management operations of the Reserve Bank and is in accordance with the clean note policy. The deadline can be extended: RBI will be sensitive to any concerns that may come up.
Shaktikanta Das indicated that the September 30 deadline may be extended, noting that he is aware that many Indians living abroad may not be able to exchange or deposit their 2,000 notes by that date . RBI asks banks to set up infrastructure like drinking water facility in scorching heat as well as a cool shaded waiting space for those wishing to exchange their notes Where is it?
