2000 note now after Rs. Big news about 100, 200 and 500 rupee notes
Big news about 100, 200 and 500 rupee notes: After 2000 Rs. Big news on 100, 200 and 500 rupee notes Yesterday, the central government dropped a bombshell by announcing its decision to remove 2000 rupee notes from circulation across India. However, along with these developments, there is additional news related to the 100, 200 and 500 rupee notes that cannot be ignored.
2000 note discontinued
The Central Government yesterday announced an important update regarding the Rs 2000 notes. It has been decided to demonetize all currency notes of 2000 rupees across the country. All currency notes of this denomination should be deposited in banks by 30th September.
In addition, RBI has directed banks to immediately stop issuing 2000 rupee notes. However, amidst these developments, Rs. New updates on the availability of 100, 200 and 500 notes have surfaced. If you have these lower denominations, what should be your next course of action?
Also alert for 100, 200 and 500 rupee notes
The central government has taken a big decision regarding the 2000 rupee note. It has been decided to withdraw the 2000 rupee note from the country. For this, people have been given time till September 30 in which they can deposit the Rs 2000 note in the bank. Also, four BIs have stopped issuing 2000 rupees notes. Apart from the news about the currency of 2000 rupees, an important update has also come out about the notes of 100, 200 and 500 rupees.
Fake news often comes out about currency notes of less than 2000 rupees, but the country’s state-owned bank PNB has made an important announcement about small denomination notes. According to the advertisement, people who have torn notes of small denominations can easily exchange these notes at the bank and get new notes in return.
PNB has brought a special offer
Numerous fake news about currency notes have been doing the rounds recently, however, PNB, the country’s governing bank has introduced a solution for individuals to swap their torn and old notes with new ones. Avail PNB’s current offer here.
RBI has Rs. 2000 notes withdrawn
Srinivas said economists believe the RBI may face monetary policy decision problems, even if only for a short period of time. Srinivas highlighted that the temporary liquidity advantage provided to the banking system may result in mispricing of financial assets, which is a cause of considerable concern. Further, even if this scenario is only temporary, monetary policy decisions for the RBI may become more complicated due to looser monetary conditions.