Bmtc central office - Latest News Update, Information, Photos & Videos on Bmtc central office at Lokmat Times

Bengaluru (Karnataka) [India], May 28 : After having received complaints that some bus conductors denied accepting Rs 2000 currency notes in Karnataka, the state transport authority has clarified that it did not issue any such orders."Please note that BMTC Central Office did not issue any such orders to the crew not to take Rs 2000 notes," said a statement by Karnataka State Road Transport Corporation (KSRTC) and Bengaluru Metropolitan Transport Corporation (BMTC).Notably, due to some confusion, Hosakote Depot had issued an order not to accept to be withdrawn Rs 2000 from circulation. But the order was soon withdrawn.On May 19, the Reserve Bank of India (RBI) decided to withdraw the Rs 2,000 denomination currency notes from circulation, but added they (currency notes) will remain legal tender. However, RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.The exchange of Rs 2,000 notes at bank branches started on May 23. As of now, RBI said the exchange facility is available till September 30, 2023, and the notes continue to be legal tender. RBI is likely to revisit the September deadline based on the situation going ahead.The Rs 2000 denomination banknote was introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Bmtc Central OfficeFOLLOW

Bmtc central office, Latest News

Business :Rs 2000 notes being accepted in Karnataka buses, clarifies transport authority

Bengaluru (Karnataka) [India], May 28 : After having received complaints that some bus conductors denied accepting Rs 2000 currency ... ...