Is RBI going to Tighten the rule on the Exchange of 2000 notes
What said the RBI governor to 2000 note Legal Tender
On May 19, RBI Governor Saktikanta Das announced they going to withdraw Rs 2000 notes from circulation in the Indian Market and daily uses. Told that these notes can be deposited or exchanged in the bank till 30 September.
Along with this, it was also assured that Rs 2000 notes will remain legally valid. However, till now RBI has not told us after which date Rs 2000 notes will become illegal.
Now the question is, how long will the legal validity of these notes continue?
According to RBI Governor Shaktikanta Das, the answer will depend on how many notes are returned by September 30. Governor has said that RBI will consider the legal validity of 2000 notes by 30 September.
According to the report of India Today Rahul Srivastava, Governor said these things in a meeting held in Delhi on 22 May. He said that RBI is hopeful that most of the Rs 2000 banknotes will be returned.
According to the report, sources in the government said that if a large part of the Rs 2000 notes is returned under the deposit/exchange process, then there will be help for those people who are abroad or who have valid reasons for not being able to exchange or deposit 2000 notes.
On the other hand, if 2000 notes do not come back as expected, then RBI can bring strict rules.
At the same time, the RBI governor has advised people not to be in a hurry. Also said that take your time because there are 4 months to deposit and exchange notes. He said that a specific time has to be specified for any process. It is necessary to give time so that announcement is taken seriously.
Governor had a meeting with bankers in Delhi on 22 May. In that meeting, he said that bankers have been advised to make such arrangements so that people did not have to stand in the sun.