Cash with public falls by Rs 83,242 cr after RBI move to withdraw Rs 2,000 note

Taxpuram > Blog > News > Cash with public falls by Rs 83,242 cr after RBI move to withdraw Rs 2,000 note

Reserve Bank of India move to withdraw the Rs 2,000 note, the cash held by the public has experienced a significant decline of Rs 83,242 crore.

This decision aims to encourage digital transactions and reduce the circulation of high-denomination currency, promoting a cashless economy and enhancing financial transparency.It reflects the government’s commitment to fostering a digital payment ecosystem in India.