Don’t Panic! This Finance Influencer’s Video Easily Explains What To Do With Rs 2000 Notes
Listen to her!
It is always recommended to never keep your knowledge half, as it just creates more and more confusion. Instead of just reading the headline of the news, it’s better to read and know more about it in detail, and more importantly when it concerns the normal public’s participation. On May 20, Rs 2000 being completely stopped for public use made headlines and people thought it to be smaller-scale demonetisation. However, there are other sides to this news and it’s essential that we are aware of it. A social media finance influencer recently released detailed information on the legal tender of Rs 2000 notes for the common public and clarified many doubts about the news.
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Social media influencer Neha Nagar who shares her expert content on finance talked about the confusion and misinformation about the news on Rs 2000 notes. As per the news, the government announced the ban on Rs 2000 notes for public use. The Reserve Bank Of India also informed the public to submit all the Rs 2000 notes to the bank before September 30. But what more do have to know about it? Neha Nagar addressed all the existing confusion on the topic in her latest video. As per this, the RBI has stopped the circulation of Rs 2000 notes which means that banks will not be allowed to issue the notes. However, the common public can still use the Rs 2000 notes.
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Furthermore, Neha Nagar also informed that RBI had anyway stopped producing Rs 2000 notes since it was not used by the majority of the public. This is the sole reason why RBI has asked the citizen to either exchange or deposit the notes in the banks before September 30, with a limit of Rs 20,000 for each exchange. However, even after September 30, the Rs 2000 notes will still be legal for public usage, informed Neha Nagar.
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Following informative and educational pages and people on social media can be a good source to increase your knowledge about current affairs!
First Published: May 20, 2023 5:48 PM
