KSRTC, treasuries to accept Rs 2000 currency notes; Dissent against BEVCO's stand

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Thiruvananthapuram: The Kerala government has directed the Department of Treasuries to receive the Rs 2000 denomination banknotes--that RBI has decided to withdraw from circulation. The Department of Treasuries earlier decided to not collect the Rs 2000 currency notes. The state government's order comes in the wake of this.

KSRTC will also accept Rs 2000 currency notes and an order regarding the same has been intimated to its units. It has warned of strict actions if any complaints are registered over the matter.

Meanwhile, consumers raised dissent as BEVCO refused to accept Rs 2000 denomination notes. It is learnt that the government will likely direct the BEVCO to accept the Rs 2000 currency notes.

Earlier this week, RBI announced that it has decided to withdraw Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.

It has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect.

Meanwhile, RBI said that citizens will continue to be able to deposit Rs 2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch up to September 30, 2023.

(With inputs from ANI)

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