Monday, June 17, 2024
    HomeHyderabadMixed Reactions Stirred by RBI's Decision on Rs 2,000 Bill

    Mixed Reactions Stirred by RBI’s Decision on Rs 2,000 Bill

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    The Reserve Bank of India has said that Rs 2,000 notes will be considered legal tender until September 30, and can be exchanged at banks starting May 23. However, some people are worried about the change, including politicians and businessmen. Many traders have stopped accepting the notes, and banks are currently low on cash for exchanges. Some people have deposited their notes in ATMs, and some banks are only providing cash during the first week of each month for pensions and other benefits. Banks will increase cash flow depending on demand, and customers are encouraged to deposit Rs 2,000 notes directly into their accounts until September 30.

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