India 2000 rupees 2016 and 2017

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India has announced yesterday that they are withdrawing the 2000 rupees note by 30.09.2023. It is not sure if the note will be legal tender after that. Mostly likely will be not. This might be a good note to buy if you like high value notes. The note of 2000 rupees is a lot of money to many people in India, and I am sure many will be redeeming them for lower denomination of rupees notes.

https://paperbanknotes.blogspot.com - Any offer for exchange is most welcome.
My spares: https://paperbanknotes.blogspot.com/2006/08/all-notes-listed-below-are-all-offered.html

ahkai

It is not sure if the note will be legal tender after that. Mostly likely will be not. 

According to this press release by the RBI the note will remain legal tender:

https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55707

redlock

ahkai

It is not sure if the note will be legal tender after that. Mostly likely will be not. 

According to this press release by the RBI the note will remain legal tender:

https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55707

I have a feeling that it will not. This is the only way to make them returning the notes by due date. 

https://paperbanknotes.blogspot.com - Any offer for exchange is most welcome.
My spares: https://paperbanknotes.blogspot.com/2006/08/all-notes-listed-below-are-all-offered.html

As per the latest information, you can *deposit your old ₹2,000 Notes even after 30th September 2023*

8 banks in India have been specially assigned the task of accepting notes for as long as it is needed.

*No ID proof required*

*No source of income.*

The 8 banks are

Banks of Yamuna

Banks of Ganga

Banks of Godavari 

Banks of Brahmaputra

Banks of Cauvery 

Banks of Tapi 

Banks of Narmada 

Banks of Sabarmati

More information here;

 

https://mriguide.com/india-the-redemption-of-up-to-10-pieces-of-2000-rupees-banknotes-requires-no-formality/ 

 

& here; 

 

https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55707 .

 

Aidan.

I think you all may have misunderstood me for my post.

 

If you are a collector, get one now in UNC condition if you do not have one, as this note, for a high value note will appreciate much faster then other normal circulating notes. It's a lot of money to the majority of the people in India, but it is peanut to the western world. No doubt, many will be returned to the banks for exchange.

 

Just look at those Malaysia 500 and 1000 ringgits. If you have them in UNC condition, you will be laughing all the way to your bank.

 

This is one way to appreciate your collections value faster than any modern banknotes.

https://paperbanknotes.blogspot.com - Any offer for exchange is most welcome.
My spares: https://paperbanknotes.blogspot.com/2006/08/all-notes-listed-below-are-all-offered.html

Kai,

  Here is my 2016 2,000 Rupees note;

 

 

 

Aidan.

My friend in India took several months to track down this AU/UNC note for me at face value. He tells me that banks are no longer giving out the 2000 rupee notes. If you want a UNC note, mostly you will need to find a dealer who has them. 

 

blue-m

My friend in India took several months to track down this AU/UNC note for me at face value. He tells me that banks are no longer giving out the 2000 rupee notes. If you want a UNC note, mostly you will need to find a dealer who has them. 

 

Thanks. I have already got one. I thought I share this with those who might be interested. Only get them in UNC condition. aUNC or lower circulated condition is not so good.

https://paperbanknotes.blogspot.com - Any offer for exchange is most welcome.
My spares: https://paperbanknotes.blogspot.com/2006/08/all-notes-listed-below-are-all-offered.html

ahkai

India has announced yesterday that they are withdrawing the 2000 rupees note by 30.09.2023. It is not sure if the note will be legal tender after that. Mostly likely will be not. This might be a good note to buy if you like high value notes. The note of 2000 rupees is a lot of money to many people in India, and I am sure many will be redeeming them for lower denomination of rupees notes.

Obviously the government of India never learned a lesson from the last debacle (in 2016) when they dragged their people through a miserable demonetizing of 2 critical high denominations (500 & 1000 Rupees).  This fiasco did not produce the results they claimed it would. 

 

Poor souls died in long line ups waiting to exchange their money. The gov made all sorts of BTCA claims how the high denominations were responsible for a shadow economy, counterfeiting, cats barking & dubious rubbish (out of the BTCA playbook).  Oh, & the best part is, “more Indians will have bank accounts” & plus Credit Cards!!!!!

 

Farmers had no cash, India's GDP tanked, supporters of the debacle exited India and dogs continued to purr but "cast the devil's work, that darn 2000 Rupees banknote out so organized crime will stop!"  It's been 7 years since the last disaster (I'm sure everyone forgot).  

 

Chalk up another victory for the BTCA (Visa, Bill Gates) but another loss for the average soul trying to scratch out a living in India. 

https://sites.google.com/view/notaphilycculture/collecting-banknotes

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