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The Reserve Bank of India Withdraws Rs 2,000 Notes
The Reserve Bank of India (RBI) recently announced the withdrawal of Rs 2,000 notes from circulation, and allowed people to exchange or deposit them in their bank accounts by September 30. It further clarified that the high-value notes will continue to be legal tender even after the deadline. However, this news caused a frenzy and many people rushed to use the bank note by purchasing goods. Several users also took to social media to inform that some petrol pumps and shopkeepers were refusing to take the note.
Shopkeeper Refuses Rs 2,000 Note, Reason Leaves Internet Laughing
An exchange between two friends over a shopkeeper refusing to take a Rs 2,000 note has left the internet laughing. A woman said that she argued with a shopkeeper after he refused to take the bank note, but the situation quickly became funny when he revealed the reason. The user Dee took to Twitter to share the same. Since being shared, the post has amassed over 25,000 views and 281 likes on the social media platform.
The Reason for Refusal: Aesthetic-Looking Lays Gourmet Chips and a Torn Note
The woman’s friend texted her stating that the shopkeeper was not accepting a Rs 2,000 note when she went to buy aesthetically looking Lays Gourmet chips. Irritated, the woman gave a monologue about the note being valid till 30th September. The shopkeeper then informed her that the note was torn, leaving her embarrassed. She then quietly paid him through UPI. Many users commented on the post with laughing emojis.
RBI’s Decision to Halt Rs 2,000 Note Issuance
The RBI has instructed all banks to stop issuing Rs 2,000 notes immediately. The central bank started printing the Rs 2,000 note in November 2016 after Prime Minister Narendra Modi scrapped high-value Rs 1,000 and Rs 500 notes overnight. “The objective of introducing Rs 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of Rs 2000 banknotes was stopped in 2018- 19,” the RBI said in a statement.
Conclusion
The RBI’s decision to withdraw the Rs 2,000 note has caused confusion and laughable situations. Nevertheless, it is essential to follow the clean note policy and exchange notes before the September 30 deadline.
