PATNA: Welcoming the announcement of the Reserve Bank of India to withdraw Rs 2,000 banknotes from circulation, Rajya Sabha MP and senior BJP chief Sushil Kumar Modi on Friday termed the transfer a “second surgical strike on black money”. “I had raised this point in the Rajya Sabha to withdraw the currency notes in the denomination of Rs 2,000, and I thank Prime Minister Narendra Modi for it. It is a second surgical strike on the black money,” Sushil Modi mentioned.
“The fresh move by the RBI is not a demonetization but it is a change of currency notes. The printing of Rs 2000 currency notes was stopped in 2018. Hence, it was removed from the market,” he mentioned. The Bharatiya Janata Party (BJP) chief additional mentioned: “When the demonetisation took place in 2016, Rs 500 and Rs 1,000 denomination currency notes were taken out of circulation. At that time, Rs 2,000 denomination notes were printed to give quick relief to people of the country. The printing of Rs 2,000 currency note took less time compared to the printing of fresh currency notes of Rs 500 and Rs 1,000.”
“The people of the country can change Rs 2000 currency notes easily in banks,” he added.
Announcing the choice to withdraw Rs 2,000 denomination notes from circulation, the Reserve Bank of India (RBI) has requested banks to not subject such notes with quick impact.
The central financial institution has additionally mentioned the ATMs/Cash Recylers to be reconfigured accordingly. It mentioned banks could change Rs 2,000 banknotes as much as a restrict of Rs 20,000 (10 notes per account holder) at a time from an account holder in order that the inconvenience to the general public is minimised.
The facility for change of Rs 2,000 banknotes shall be offered to all members of the general public by all banks by means of their branches. The RBI has given banks until May 23 to get able to change the Rs 2,000 notes whereas deposits of the notes are accepted in standard method.
