Here’s what RBI’s decision to scrap the Rs 2,000 note mean for the economy India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The ...

Here’s why RBI has withdrawn Rs 2,000 notes and what you should do next The Reserve Bank of India on Friday announced the withdrawal of the Rs 2,000 currency note, while adding it will continue to be legal tender. The RBI has asked citizens to deposit Rs 2,000 notes in their accounts or get them exchanged at banks from ...

Rs 2,000 notes withdrawn, firms on wait-&-watch mode & more Top Headlines: Govt asks P&W to supply engines, stricter Sebi norms & more Top 5 headlines: MSCI drops 2 Adani firms, Twitter to get new CEO and more Top Headlines: Adani to consider stock sale, shell firms under tax scanner Top 5 headlines: Windfall tax slashed on petroleum crude, IBM ...

JCB partners with NPCI to offer 40% cashback for RuPay JCB cardholders Top card cos to go live with UPI-linked RuPay credit card feature by June Cabinet clears Rs 2,600 cr to promote RuPay debit card, BHIM transactions HDFC Bank goes live on ‘Rupay Credit on UPI’ feature for customers Your credit card payments overseas will attract a 20% TCS ...

RBI repo rate cuts: Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist The end of the repo rate hike cycle has been reached and the Reserve Bank of India (RBI) may start slashing the key interest rate in the last quarter of the current financial year (Q4FY24), Abheek Barua, chief economist at HDFC Bank ...

A snapshot of car loan interest rates offered by various firms with details SBI personal banking loan book up Rs-5 trn mark, helped by digital push How have the home loan EMIs changed since RBI’s repo rate hike in May 2022? Fixed or floating rate? Choose floating-rate car loan if you plan to prepay Convenient and economical: Why car leasing ...

No TCS on overseas payment via international credit, debit cards: FinMin The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards. Facing backlash from a wide section of people, the Finance Ministry said the move is aimed at removing procedural ambiguity ...

Overseas debit, credit card payments up to Rs 7 lakh a year out of LRS In a step that would come as relief to individuals travelling abroad, the Centre on Friday excluded up to Rs 7 lakh of debit and credit card payments in a financial year from the ambit of the liberalised remittance scheme (LRS). These transactions will not ...

‘Rs 2,000 notes withdrawal will help curb black money to great extent’ Former Reserve Bank Deputy Governor R Gandhi on Friday said withdrawal of the Rs 2,000 bank notes will help in curbing black money to a “great extent” because people are hoarding the high value currency. Gandhi, who was leading the currency department during the demonetisation of ...

Here’s all you need to know The Reserve Bank of India (RBI), on Friday, announced the withdrawal of Rs 2,000 currency notes from circulation. The existing notes in circulation could either be deposited in bank accounts or exchanged by September 30, the RBI said in a statement. Here’s everything you may need to know- – Rs 2,000 currency ...