Now 2000 notes usually are not popping out of ATM, Finance Minister bid on it …

by Jeremy Spirogis
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Highlights:

  • Now Rs 2000 notes usually are not popping out of ATM

  • Finance Ministry was not conscious

  • A complete of three,542.991 million notes of two,000 rupees had been printed.

  • Printing of 2000 notes continued to lower

Raj Express If you even have a 2000 rupee word, then know that this can be of your use. In reality, after the demonetisation, the brand new 2000 rupee notes launched by RBI are now not slowly popping out of ATMs of many banks. Not solely this, lots of work is seen in these markets as nicely. The purpose for that is that banks should take away the tray of 2000 rupee word from their ATM. <! –

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                 However, when a grievance was made to the Finance Ministry, it was discovered that the Finance Ministry is just not even conscious of this.

Finance Minister says:

Finance Minister after getting information to Finance Ministry Nirmala Sitaraman Told that, no such orders have been given by the federal government to banks. Not solely this, he additionally mentioned that the financial institution is just not placing 2000 rupee notes in ATMs of its personal free will.

RBI mentioned:

In this regard, the Reserve Bank of India (RBI) mentioned that no such order has been acquired and the Rs 2000 word will stay legitimate available in the market. At the identical time, in keeping with the information, the banks had determined to take away the Rs 2000 word tray and put a tray of small notes of their ATMs to maintain the comfort of the purchasers. For your info, tell us that the printing of two,000 notes has been stopped by the Reserve Bank final yr and never solely that RBI has not printed a single word of two,000 rupees within the monetary yr 2018-19.

Printing of constantly reducing notes:

The RBI advised the RTI in response to a query that 3,542.991 million notes value a complete of Rs 2,000 had been printed by the RBI throughout the monetary yr 2016-17 i.e. after demonetisation. After this, printing of Rs 2000 notes continued to lower. Subsequently, this quantity was decreased to 111.507 million notes. After this, within the monetary yr 2018-19, the financial institution printed 46.690 million notes totaling 2000 rupees.

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