Tag Archives: RBI

RBI’s Latest Move: Cash Deposits in Banks via UPI

RBI's Latest Move: Cash Deposits in Banks via UPI

The Reserve Bank of India (RBI) has unveiled a significant initiative that will revolutionize banking transactions by enabling cash deposits through the popular Unified Payments Interface (UPI). This announcement was made during the first bi-monthly monetary policy of the current financial year by RBI Governor Shaktikanta Das.

Read More »

“RBI Discloses Sharp Decline in ₹2000 Banknote Circulation, Notes Remain Legal Tender”

RBI Reveals Sharp Decline in ₹2000 Banknote Circulation, Notes Still Legal Tender

The Reserve Bank of India (RBI) has unveiled a significant drop in the circulation of ₹2000 denomination banknotes since their withdrawal announcement on May 19, 2023. According to recent data released by the central bank, the total value of ₹2000 banknotes in circulation has dwindled from ₹3.56 lakh crore to a mere ₹8,470 crore by February 29, 2024, marking a substantial decrease.

Read More »