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India banks on cash as ATMs Withdrawals rise 235% since demonetization

Will The Withdrawal Of The Rs 2,000 Notes Have An Impact On The Fake Currency Industry?

The recent decision by the Reserve Bank of India to stop printing the Rs 2,000 note which was introduced post demonetisation has had mixed responses.

Can you use Rs 2000 notes after September 30? Here s what we know so far

Could rising currency in circulation be a reason for the withdrawal of Rs 2000 notes?

Banknotes in circulation are now 15.1 percent of money supply, compared to 13.7 percent in the September 2016 quarter

Dedicated Counters In Place As Banks Gear Up to Exchange Rs 2,000 Notes

Dedicated counters have been set up at banks, anticipating a rush to swap Rs 2,000 notes for smaller denominations.The Reserve Bank of India said that the process of swapping the Rs 2,000 notes, which will remain legal tender will begin Tuesday, May 23. The process will continue till the end of September.

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