₹2000 banknotes impact interest rates of bank deposits ahead?

Start Reading [{ "selector": ".kpngz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 70px)) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1"} ] }, { "selector": ".qptxu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-74px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".deruq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-336px) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": "1"} ] }, { "selector": ".citej-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 507px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".igjdr-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

The Reserve Bank of India (RBI) has decided to stop issuing notes in the banknotes of 2000.

[{ "selector": ".iegea-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-368px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Citizens have been advised to exchange or deposit the ₹2000 banknotes at banks.

[{ "selector": ".smaqc-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-388px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Banks have been instructed to stop issuing ₹2000 banknotes immediately.

[{ "selector": ".zelqc-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-388px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

The withdrawal of ₹2000 banknotes is expected to improve banks' deposit accretion in the near term.

[{ "selector": ".zzxpq-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-370px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

The move is likely to ease interest rate hikes.

[{ "selector": ".dgcmf-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-429px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

The ₹2000 banknote is the highest denomination currency available in India.

[{ "selector": ".cwpzz-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-388px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

It was introduced in November 2016 after the demonetization of old ₹500 and ₹1000 banknotes.

[{ "selector": ".oijfl-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-358px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

The objective of introducing the ₹2000 banknote was to meet the immediate currency requirement of the economy.

[{ "selector": ".mmeeu-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-300px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Once other denominations became available in sufficient quantities, the printing of ₹2000 banknotes was stopped in 2018-19.

[{ "selector": ".wjnqe-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-300px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

RBI also released new notes in denominations of ₹20, ₹50, ₹100, and introduced ₹200 notes after demonetization.

[{ "selector": ".kjpkg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-328px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

If you want to know more updates related to finance then check
www.financevala.in

[{ "selector": ".clcat-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-450px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

₹2000 banknotes impact interest rates of bank deposits ahead?

The Reserve Bank of India (RBI) has decided to stop issuing notes in the banknotes of 2000.

www.financevala.in

Citizens have been advised to exchange or deposit the ₹2000 banknotes at banks.

www.financevala.in

Banks have been instructed to stop issuing ₹2000 banknotes immediately.

www.financevala.in

The withdrawal of ₹2000 banknotes is expected to improve banks' deposit accretion in the near term.

www.financevala.in

The move is likely to ease interest rate hikes.

www.financevala.in

The ₹2000 banknote is the highest denomination currency available in India.

www.financevala.in

It was introduced in November 2016 after the demonetization of old ₹500 and ₹1000 banknotes.

www.financevala.in

The objective of introducing the ₹2000 banknote was to meet the immediate currency requirement of the economy.

www.financevala.in

Once other denominations became available in sufficient quantities, the printing of ₹2000 banknotes was stopped in 2018-19.

www.financevala.in

RBI also released new notes in denominations of ₹20, ₹50, ₹100, and introduced ₹200 notes after demonetization.

www.financevala.in

If you want to know more updates related to finance then check www.financevala.in

If you want to know more updates related to finance then check
www.financevala.in