Maharashtra's opposition Maha Vikas Aghadi slammed the move to withdraw the Rs 2,000 currency notes by September 30 as an admission of failure by the Bharatiya Janata Party govt at the Centre
Rs 2,000 notes with public can be deposited in bank accounts or exchanged at banks and RBI's 19 Regional Offices
The 50-second promo, shared by Sony TV on Saturday, took a dig at these false claims as it featured Bachchan reprising his role as the show's host, posing a question to a contestant named Guddi
Printing of banknotes of particular denomination is decided by the government in consultation with the Reserve Bank of India
The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years
The share of Rs 2,000 notes, however, has been declining both in value and volume terms.
Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018
Commercial banks have to mandatorily go by the Reserve Bank of India (RBI) guidelines related to the operations of the ATMs, issued from time to time
According to a circular issued by the lender's digital banking division on February 17, cash dispensation from Rs 2,000 currency cassettes would be disabled at all ATMs and cash recyclers on March 1
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
The former IAS officer has, therefore, suggested to outlaw the high-value notes
Rumours of a sudden demonetisation of the Rs 2,000 note prior to elections are less farfetched than the events of November 8, 2016
There has been no recent decision regarding 2,000 rupee note production, says Garg
According to the RBI data, there were 3,285 million pieces of Rs 2000 notes in circulation at end-March 2017
Banks claim RBI hasn't told them whether to exchange new denomination notes which are torn and mutilated
The short point is that the economy not only needs more notes, but an expanding economy with a reasonable degree of inflation needs more notes of larger denomination
It can be safely assumed that not all of the Rs 2000 and Rs 500 notes printed made way to the public