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I. (Why Friday night.
Why.
@RBI)
1. Rs 2,000 note will be withdrawn from circulation.
2. It will not be illegal to hold it (like it was during #Demo to hold Rs 500 notes)
3. You can go an deposit as much as you want with bank branch.
Read this: rbi.org.in/Scripts/BS_Preโฆ
Why.
@RBI)
1. Rs 2,000 note will be withdrawn from circulation.
2. It will not be illegal to hold it (like it was during #Demo to hold Rs 500 notes)
3. You can go an deposit as much as you want with bank branch.
Read this: rbi.org.in/Scripts/BS_Preโฆ
II.
4. Can exchange 2,000 for lower notes unto Rs 20,000 a day starting May 23. It seems you can go to multiple branches to do Rs20k withdrawals
5. You have till Sept 30, 2023 for this
6. Property deals to be impacted. Cash component still 20-60% of deal
rbi.org.in/Scripts/FAQVieโฆ
4. Can exchange 2,000 for lower notes unto Rs 20,000 a day starting May 23. It seems you can go to multiple branches to do Rs20k withdrawals
5. You have till Sept 30, 2023 for this
6. Property deals to be impacted. Cash component still 20-60% of deal
rbi.org.in/Scripts/FAQVieโฆ
7. Large parallel market will emerge to change 2000 notes into smaller denominations
8. Panic will spread on rumours even though enough time is given
9. But digital India will be largely unaffected.
10. What happens after Sept 30? RBI FAQ is silent.
8. Panic will spread on rumours even though enough time is given
9. But digital India will be largely unaffected.
10. What happens after Sept 30? RBI FAQ is silent.
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