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The Reserve Bank of India announced the withdrawal of 2000 rupee notes on Friday last week. This decision brought back memories of demonetisation in 2016 in the minds of the people. Although this time the effect of demonetisation is not visible, but even then many people are engaged in taking various measures to consume 2000 rupee notes. Due to this, on the one hand, there has been a sudden increase in inquiries about gold-silver and jewellery, and on the other hand, these notes have started arriving at petrol pumps many times more than before.
Jewelers are charging so much premium
According to reports, increased inquiries about gold, silver and jewelry have resulted in an increase in their prices. Especially those who want to pay in 2000 rupee notes, jewelers are charging more money from them. According to a PTI news, some jewelers have started charging a premium of 5-10 per cent on buying gold, due to which the yellow metal has reached the level of Rs 66,000 per 10 grams, while the actual rate of gold in the country at present is Rs. Around Rs 60,200 per 10 grams is at the level.
Restrained by the strict rules of KYC
According to the news, after the RBI’s decision to withdraw the note of two thousand rupees, inquiries related to the purchase of gold and silver from jewelers have increased. GJC, an organization of bullion traders, says that this time the situation is not like 2016. Gold purchases against Rs 2,000 notes have actually been low due to stringent KYC norms, but people are inquiring about exchanging Rs 2,000 notes with jewelers.
Increased arrival at petrol pumps
In a separate news report of PTI, it has been claimed that since Friday till now, the payment of Rs 2000 notes by the customers at the petrol pumps of Indore has increased at least five times. Rajendra Singh Vasu, president of the Indore Petrol-Pump Dealers Association, has been quoted as saying that customers coming to refuel at petrol pumps are paying more in Rs 2000 notes than before. There are also some customers who are paying with Rs 2,000 notes instead of filling petrol worth only Rs 100 in their two-wheeler.
You can easily change the notes in the bank
Let us tell you that while announcing on Friday, the Reserve Bank had clearly said that Rs 2000 notes are not being taken out of circulation with immediate effect. The Central Bank had said that people can still transact in currency of Rs 2000. However, even after this there is fear in the minds of the people and many traders have stopped accepting Rs 2000 notes. This is the condition when these notes can be easily exchanged in banks.
Ignore these rumors
In fact, rumors have a big hand in creating an atmosphere of fear and doubt among the people. Due to some such rumours, there was a need to issue a clarification to the RBI and the country’s largest bank SBI on Sunday. Rumors were being spread that to get the notes exchanged, a form would have to be filled and some identity proof like Aadhaar or PAN would have to be given. This rumor has been denied and it has been clearly stated that there will be no need to submit any form or any identity card to exchange Rs 2000 notes.
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