8th November 2016 vs 19th May 2023 – Full story of both the decisions, how common people were troubled


2000 Rupees Note: There was a stir on Friday (May 19) when the news came about the Reserve Bank of India (RBI) that it is thinking of taking the 2000 rupee note out of circulation. However, the bank has given time between May 23 and September 30, during which people can go to any bank and exchange Rs 2,000 notes. Along with this, the central bank has also made it clear that till September 30, 2023, Rs 2000 notes will remain in circulation. After the arrival of this news, people remembered the demonetisation of November 8, 2016 implemented by the Modi government.

PM announced demonetisation

On November 8, 2016, Prime Minister Modi suddenly addressed the nation at 8 o’clock in the night and informed that after 12 o’clock the notes of 500 and 1000 rupees would be closed. After this decision of demonetisation, there was an atmosphere of chaos in the whole country. Everyone wanted to exchange their 500 and 1000 rupee notes somehow. Along with the announcement of demonetisation, the government also announced new notes of 500 and 2000.

What was the impact of demonetisation in 2016?

After the sudden announcement of demonetisation in the country, there was a rush among the people to change the notes. Long queues were seen outside the banks. RBI was also not ready to exchange notes on such a large scale, due to which suddenly there was a shortage of notes in the market. Along with this, even outside the ATM, people stood in line for hours and were troubled to withdraw money. During this, the news of the death of many people also came to the fore.

In March 2023, 7 years after demonetisation, TMC member Abir Ranjan Biswas had asked the government that how many people had died due to demonetisation in the year 2016. In response to this question, the government had said that they do not have any data regarding this. And in the year 2018, the then Finance Minister Arun Jaitley, while answering a similar question in the Parliament, had informed that four people had died in the country due to demonetisation. Due to the change in the size of the notes after the government’s decision of demonetisation, the ATMs also had to be changed.

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2000 rupee notes can be changed till 30 September

After the year 2016, on May 19, 2023, the RBI has once again decided to withdraw the Rs 2000 note from circulation. It is also being called mini demonetisation. In such a situation, a question has arisen in the minds of the people that whether 2000 notes will not be in circulation from tomorrow, then let us tell you that those who have 2000 rupee notes can deposit it in any bank from May 23 to September 30. can be changed from At the same time, it has also been announced to keep it in operation till 30 September.

RBI has asked the common people that they can take the time till September 30, 2023 to go to any bank and exchange Rs 2,000 notes. At the same time, from May 23, 2023, up to a limit of Rs 20,000, Rs 2000 can be exchanged in 19 regional offices of RBI. It is worth noting that the decision of withdrawal of Rs 2000 note by RBI has raised many questions in the minds of the people. At present, RBI has not announced to bring any new note, but if it does so in future, then it will have to update ATM later.

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2000 Rupees Note: From May 23, up to a limit of Rs 20,000, 2000 rupee notes can be changed from the bank, notes can be deposited in accounts

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