Nirmala Sitharaman: No person… no pocket… no bank… where is the missing pink note, Finance Minister gave this answer in Parliament

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Nirmala Sitharaman: No person… no pocket… no bank… where is the missing pink note, Finance Minister gave this answer in Parliament

Union Finance Minister Nirmala Sitharaman.Union Finance Minister Nirmala Sitharaman.

Union Finance Minister Nirmala Sitharaman has told the Parliament about the closure of 2000 pink notes. As you will also know that 2000 notes have started appearing very rarely in the market. Surely you too must not have seen this note for a long time. Whenever you go to withdraw money from banks or ATMs, you will get only Rs 500 notes. In such a situation, the question must have arisen in your mind that where did the pink notes go missing? Regarding this, it was heard many times that the business of those who print fake notes with these notes is increasing rapidly, so it has been stopped. Keeping these notes with them, banks have started giving only Rs 500 notes. Tomorrow, on Monday i.e. March 20, Finance Minister Nirmala Sitharaman has answered the questions being raised on the pink note.

Nirmala Sitharaman replied

Union Finance Minister Nirmala Sitharaman has made it clear that no guidelines have been given by the government to the banks to withdraw the pink notes. The Finance Ministry informed the Parliament that no order has been given to the banks to fill or not to fill pink notes in the Automated Teller Machines. Banks have their own choice with which notes they fill the cash vending machines. The government has nothing to do with this.

Responding to a question in the Lok Sabha, the Finance Minister said that according to the annual report of the Reserve Bank of India, the total value of Rs 500 and Rs 2000 notes at the end of March 2017 was 9.512 lakh crore. Whereas by March 2022, the total value of Rs 500 and Rs 2000 notes had increased to Rs 27.057 lakh crore. He further said that it is clear that both the notes are being printed. Whether or not to fill Rs 2,000 notes in ATMs, banks assess on the basis of usage, need, consumer and seasonal trend.

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