CTI Urges Delhi Businesses To Cease Acceptance Of Rs 2,000 Notes After Sept 29

New Delhi, Sept 30 (KNN) The Chamber of Trade and Industry (CTI) has appealed to market associations, shopkeepers, traders, and factory owners across Delhi to not accept Rs 2,000 currency notes after September 29.

The Reserve Bank of India on May 19 had announced the withdrawal of Rs 2,000 currency notes from circulation, and that existing notes in circulation could either be deposited in bank accounts or exchanged by September 30.

The trader’s body in a statement on Friday appealed to around 700 market associations, shopkeepers, traders, and factory owners across Delhi to not accept the currency note.

The trend of digital transactions has increased, and the government should encourage it, the CTI said.

As much as 88 per cent of the Rs 2,000 currency notes have either been deposited or exchanged at banks, and only Rs 42,000-crore worth of such notes are with public as on July 31, the RBI said on August 1.   (KNN Bureau)