Demonetization of Rs. 2000 note

[Sushubh]

Plea Challenging RBI Notification Allowing Exchange Of ₹2000 Notes Without Bank Verification Moved Before Delhi HC

A Public Interest Litigation challenging the Reserve Bank of India (RBI) notification dated May 19, 2023, and the State Bank of India (SBI) notification dated May 20, 2023, has been moved before...

www.verdictum.in

 

[SVK]

Just 15 days back I had been to HDFC bank to deposit some amount. Cash counter person was asking everyone who came to withdraw money whether they want Rs 500 or 2000 notes. Nobody was saying they want Rs 2000, yet cash counter person never stopped asking.

 

[Sushubh]

Anyone went to banks? It seems there are few queues based on news media. StanChart has been mailing constantly to do rekyc. I was wondering if it's worth it to travel to their branch in this heat this week.

 

[Sushubh]

The withdrawal of ₹2,000 notes is short of a rational explanation

On 19 May, in pursuance of its ‘Clean Note Policy,’ the Reserve Bank of India (RBI) decided to withdraw ₹2,000 denomination banknotes from circulation

www.livemint.com

 

[Sushubh]

Went to a bank. Noticed that they were sending their employees to padosi sbi branch to exchange notes for a customer who came with a bundle. Probably a big client.

Another bank branch still had the rbi notice announcing the introduction of 2000 rupee note prominently displayed. So that was amusing a bunch of customers.

 

[Tejas01]

After this govt decision, Bank employees be like " Yeh kaunsi meeting hai jaha Hume nahi bulate.."

 

[Sushubh]

icici mailer on rs. 2000 notes.

https://www.icicibank.com/campaigns/mailers-v2/marketing/2023/may/22/2000-note-circulation/images/BankNoteSpecialReport.pdf

 

[Sushubh]

Legal tender.


Source

 

[_Dexter]

People don't want to accept 2000 Note because they have ZERO trust in banks. Fear is what if Banks do not accept those Notes in time from them

 

[_Dexter]

It's complete shit show at this point