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[ad_1] Last Updated: May 19, 2023, 21:02 IST The decision may be discreetly aimed at the super-rich who may have hoarded Rs 2,000 notes in black money and will now have to declare them. "Thanks to the arrival of digital payments and especially UPI in the past six years, a wide majority may not have even a single Rs 2,000 note at home. Given an over four-month window, there is no urgency to exchange or deposit it," an official said The Rs 2,000 bank note will remain legal tender even after September 30 this year and government officials feel that a majority of common people, especially in rural areas, may not have even a single Rs 2,000 bank note with them at present. ALSO READ | Rs 2000 Notes Withdrawn: Can You Use These Notes Now? Here’s All You Need To Know Advising against any panic, an official said the government did not anticipate wide ramifications of the Rs 2,000 note withdrawal decision, as it feels most people, especially in rural India, have been mostly dealin...

[ad_1] RBI announced to withdraw the Rs 2,000 note on May 19 (Representational) Mumbai: Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing the customary post-policy press meet here, Mr Das said 87 per cent of the notes that have been returned have been deposited into bank accounts, while the rest have been exchanged over the counter. At present, over Rs 12,000 crore of notes are still in circulation, Mr Das said, reiterating that the notes can be returned even after the end of the extended period. It can be noted that on May 19, the RBI surprised all by announcing its intent to withdraw the Rs 2,000 note introduced in 2016 for quick remonetisation, following Prime Minister Narendra Modi's announcement to suck out over 88 per cent of the currency in circulation by banning the Rs 500 and Rs 1,0...