2000 Rupee Note: The last date for exchanging and depositing Rs 2000 notes is September 30, 2023. If RBI does not make any major announcement in the coming 3 days, then all these notes will also be out of circulation forever. In such a situation, in the year 2016, like Rs 500 and Rs 1000 notes, keeping Rs 2,000 notes in pockets and pockets will come under the category of crime.
A question must be arising in the minds of many people that after September 30, 2023, will keeping Rs 2000 note come under the category of crime? Can a man not carry Rs 2000 note in his purse or pocket after 30 September 2023? If the police catches him while keeping it, then under which sections can he be arrested or fined?
If you have any kind of question regarding Rs 2000 note , then this news is very useful for you. Before Rs 2000 notes go out of circulation, we want to tell you what rules were made regarding old notes of Rs 500 and Rs 1000 after the 2016 demonetization decision and what is the policy of RBI regarding old notes?
The central government had decided on demonetization on 8 November 2016. After this, old notes of Rs 500 and Rs 1000 were banned in the country. After this, Reserve Bank of India had launched notes of Rs 500 and Rs 2000 in the market. After 7 years of this decision, Modi government once again banned Rs 2000 note. After this decision, RBI announced to provide facility to all banks to deposit and exchange old Rs 2000 notes till 30 September 2023.
Know the policy of RBI
, but if statistics are to be believed, about Rs 24 thousand crore 2000 notes have not been returned from the market yet. In such a situation, the question arises that what will happen to these Rs 2000 notes after 30 September 2023? Can the police arrest a common man if he carries a Rs 2000 note in his purse or pocket? Can RBI also extend the date of deposit of Rs 2000 note?
Rules after demonetization in the year 2016
Let us tell you that after the ban on Rs 500 and Rs 1000 notes in the year 2016, keeping these notes in the house or carrying them here and there had come under the category of punishable offence. RBI also issued notifications several times to exchange these notes, but till now all the notes have not been returned. In such a situation, the possibility of extending the deadline for exchanging or depositing Rs 2000 notes cannot be ruled out, because at present around Rs 24 thousand crore worth Rs 2000 notes are still in the market.
What is the law on old notes of Rs 500 and Rs 1000?
The central government had approved a law just a few days after demonetization in 2016, under which a minimum fine of Rs 10,000 will be charged for keeping more than 10 old notes of Rs 500 or Rs 1000. Fine may be imposed. There are also provisions for imprisonment. In the year 2017, the Specified Bank Notes (Cessation of Liabilities) Act, 2017 was passed by the Parliament.
The Act was passed with the aim of eliminating “the possibility of running a parallel economy” by using old notes of Rs 500 and Rs 1,000. Under this, along with the implementation of the law passed by the Parliament, it was also considered an offense for individuals to keep more than 10 pieces of old notes and more than 25 pieces for the purpose of study, research or numismatics. Under this, there is also a provision to impose a fine of Rs 10,000 or five times the cash.
The Act passed by Parliament in 2017 also eliminates the liability of the Reserve Bank of India and the government on demonetised currency notes. In the year 2016, the Modi government had taken the decision of demonetization on the recommendations of the Central Board of RBI to eliminate unaccounted money and fake notes from the financial system.
The law bans possession, transfer or receipt of old currency notes after December 31, 2016, and provides for power to the court of first class magistrate to impose fine. In such a situation, it is believed that after the disappearance of Rs 2000 notes from circulation, the Parliament can bring a law regarding this or can provide the right to take action under the 2017 law itself.
