RBI Governor Shaktikanta Das shared some important information. He said that there has been no change in the repo rate which affects interest rates for the second consecutive time. He also talked about some other things like bringing back pink Rs 2,000 notes and clarified that reports of Rs 500 notes being demonetised are not true.
The in-charge of the Reserve Bank said that we will not take back Rs 500 notes. They want people to know that none of the rumors about this are true. He also said that Rs 1,000 notes will not be returned.
Shaktikanta Das said that RBI will not withdraw Rs 5,00 notes or create new Rs 1,000 notes.
How many Rs 2000 notes have been returned to the bank? RBI Governor said that till now about half of the pink notes of Rs 2000 have been returned.
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The government said that there are about 3.62 lakh crore notes of Rs 2000 in the country. The bank says that out of these, notes worth about Rs 1.80 lakh crore have been returned to the banks.
Banks across the country are still exchanging money. Something important happened on May 19, 2023. RBI (which is like the boss of all banks) said that they will stop using Rs 2,000 notes because they want clean money. But he also said that people can still exchange these notes in banks. Therefore, from May 23, people can go to their banks and exchange their Rs 2,000 notes for other currencies. They have time till September 30, 2023 to do so.
The bank boss in India said that if people want to exchange their Rs 2000 notes or want to keep them in the bank, then they do not need to worry or be afraid. He also said that he thinks most of these notes will be returned to the banks before a certain time.
