How to spot a fake Rs 2000 currency note

How to spot a fake Rs 2000 currency note

The transition has taken a toll on small businesses everywhere.

Amid rumours of raids by the income tax department on Friday, a curfew-like situation prevailed in the markets in Gurugram, the tech hub and suburb of Delhi.

Woes of Ghaziabad residents due to the scrapping of Rs 500 and Rs 1,000 currency notes persisted on Friday, as the ATMs of most banks displayed either "Out of Order" or "No Cash" boards, resulting in long queues outside bank branches. After that, they will be able to withdraw up to Rs 4,000 a day per card. The ATM of Thrissur District Co-operative Bank on Kurupam Road functioned and some of the ATMs of Axis Bank were also available to withdraw money on Friday morning. "I need to go to my office at Nehru Place but I have joined the queue as I have no cash and its getting hard to survive exclusively through online shopping", said IT executive Radhika queued up outside a bank in Laxmi Nagar in east Delhi. There were also reports of heated exchanges between hassled customers and overworked bank officials at several branches.

"On November 10, the total deposit of cash (with SBI) was Rs 22,150 crore while the total exchange of cash was Rs 723 crore".

ATMs of Bank of India were not functional.

"I had to borrow from my parents to pay for urgent needs till yesterday, as I did not have any liquid cash that were not Rs 500 and Rs 1000 notes". "For the last two days, we are without cash".

Usha Venkatesan, Press Secretary from The Consulate of India, Toronto, said, "We have not yet received any clarification on this, The Reserve Bank of India has answers to most of the NRI queries".

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"The Finance Ministry is constantly monitoring the currency exchange", Jaitley said at a press conference after chairing an emergency meeting of senior government and RBI officials.

Banks across country are witnessing heavy rush on the second day as people gathered to get new banknotes in exchange of old bills.

Modi announced that the existing Rs 500 or Rs 1,000 notes could be deposited in an individual's bank or post office accounts between November 10 and December 30.

The cup of currency woes for the public is brimming over. However, many were rendered helpless in the country as they found themselves with no cash for daily expenditures and citizens overseas were reportedly clueless about the return and exchange of these notes.

Sources claimed that the outsourced companies have approached the RBI and have requested for additional time to replenish the ATMs.

"It's a good move by the government to curb black money, but it is full of hassles for common people like us", said Pankaj.

The sudden announcement by Indian Prime Minister Narendra Modi on the new measure of demonetisation to deal with black money and fake currency bills has left the country divided.