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RBI Monetary Policy: MPC decides to keep repo rate unchanged at 6.5%
RBI Monetary Policy: Standing Deposit Facility Rate remains at 6.25%; while Marginal Standing Facility Rate and Bank Rate also unchanged at 6.75%
Know how India remains the fastest growing economy in world with GDP at 6.1% in Q4 FY23
According to the data released on Wednesday, India saw a growth of 6.1 per cent between January and March (Q4) while Indonesia, the second to follow, grew 4.8 per cent. Countries like China, Mexico, US and Japan grew by 4.5 per cent, 3.8 per cent, 1.6 per cent and 1.3 per cent respectively
RBI plans light weight and portable payment system for critical transactions during catastrophic events
The system is specifically designed to facilitate crucial payments, and also sustain the liquidity flow of the economy
Shopkeeper refuses to take Rs 2,000 note from woman; reason will leave you in splits
A woman goes through a frustrating experience of trying to buy aesthetically pleasing Lays Gourmet chips but facing rejection from the shopkeeper due to her Rs 2,000 note
Bank locker rules revised: Things to keep in mind
All the customers need to execute new locker agreements as per the regulatory guidelines issued, with their respective branches on the latest format issued by the bank
Can you deposit or exchange Rs 2,000 notes at post offices?
Though customers have been asked to deposit or exchange Rs 2,000 notes at banks, the Department of Post has issued a statement in this connection
Delhi meat shop’s smart offer has consumers lining up to dispose Rs 2000 currency notes
Amid the ensuing chaos, a smart Delhi shopkeeper decided to make the most of it. The internet is buzzing with viral pictures that feature a poster displayed by a meat shop in Delhi’s GTB Nagar
It’s Raining Pink Money: From temple donations to mangoes, how Indians are getting rid of Rs 2000 notes
The withdrawal of Rs 2000 notes is creating panic. Some are rushing to buy luxury watches and gold; others are donating to temples and spending on mangoes and food delivery
First day of Rs 2,000 currency exchange gets off to a rocky start across cities: What banks said
RBI governor Shaktikanta Das had on Monday said people should not panic and rush to return or exchange their Rs 2,000 currency notes as they have four months to do so. Even after September 30, the notes would continue to be legal, he asserted
Delhi HC reserves order on PIL against RBI allowing exchange of Rs 2,000 notes without identity proof
The plea called the decision arbitrary and irrational and offends Article 14 of the Constitution of India, hence, inoperative.
Gold Rush: How jewellers are benefitting from RBI’s decision to withdraw Rs 2000 notes
The gold market in India is seeing a spurt in sales and it can thank the RBI for it. The central bank’s decision to withdraw the Rs 2000 note from circulation by 30 September has prompted people to buy more gold – with most stores reporting a 20 per cent rise in purchases
Want to exchange Rs 2,000 notes in your bank? Step-by-step guide
The option to deposit funds into accounts and exchange Rs 2,000 banknotes will be accessible at all banks until 30 September 2023
Unexplained deposits of Rs 2,000 notes likely to attract IT dept's notice; Check details
Significant deposits after RBI's withdrawal decision is expected to draw the income tax department's attention
Banks may levy service charges upon depositing Rs 2,000 notes; details inside
Depositing Rs 2,000 notes at banks can attract service taxes upon crossing a certain limit. Read to know more
Are Rs 2000 notes being withdrawn because of black money? What happens after 30 September?
Confusion prevails over the RBI’s decision to withdraw Rs 2000 notes. While the 30 September deadline has been set, the currency will continue to be valid even after. Then why do we have to exchange the notes? Is it a crackdown on black money and fake currency?
RBI’s Clean Note policy: Why the central bank decided to withdraw Rs 2,000 notes from circulation
The RBI consistently oversees the quality of currency notes in circulation and establishes criteria for determining their acceptability
After RBI's move, Zomato says 72 per cent of CoD bills paid in Rs 2,000 notes
The RBI last week announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either deposit such notes in accounts or exchange them at banks.
Exchange of Rs 2,000 notes: Read what major banks are doing
No id proof, shaded waiting space, drinking water and mobile vans are some of the measures banks are putting in place to help customers exchange currency
People rush to petrol pumps to exchange currency after RBI announces scrapping of Rs 2000 notes
The total value of such banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3 per cent of notes in circulation) to Rs 3.62 lakh crore constituting only 10.8 per cent of notes in circulation as on March 31, 2023.
Know how to identify fake Rs 2,000 notes before depositing them in banks
To check for counterfeiting, see if your Rs 2,000 notes have these features before depositing them in banks