Finance
RBI To Withdraw Rs 2000 Notes: Two thousand notes will be out of circulation, know when will the exchange start?
RBI To Withdraw Rs 2000 Notes: Two thousand notes will be out of circulation, know when will the exchange start?
2000 Rupee Note News: People will be able to deposit two thousand rupee notes in bank accounts or can exchange them with other denomination notes by going to any bank branch. People have to keep in mind that a maximum of Rs 20,000 worth of notes can be exchanged at a time. This process will start from 23 May and will end on 30 September 2023.
RBI has announced to withdraw Rs 2000 note from circulation. The Reserve Bank of India has advised banks to stop issuing banknotes in the denomination of Rs 2,000 with immediate effect. However, banknotes in the denomination of Rs 2000 will continue to be legal tender. According to the information, RBI has taken this decision under the Clean Note Policy. RBI has said that these notes will remain legally valid till 30 September.
RBI had issued in 2016
These notes were taken out under. These notes were issued by the Reserve Bank after demonetisation. This decision was taken so that at that time the notes of 500 and 1000 rupees which were removed from circulation, could reduce the impact on the market and economy. When banknotes of other denominations became available in sufficient quantities, Then the purpose of bringing two thousand rupees into circulation was accomplished.
The RBI said that the printing of Rs 2000 notes was discontinued in 2018-19 once the objective of introducing Rs 2000 bank notes was achieved. By that time bank notes of other denominations had become available in sufficient quantity. RBI has also pointed out that about 89 per cent of the Rs 2000 denomination banknotes were issued before March 2017.
The process of changing notes in banks will start from May 23.
Then they can be exchanged with other denomination notes by going to any bank branch. People have to keep in mind that a maximum of Rs 20,000 worth of notes can be exchanged at a time. This process will start from 23 May and will end on 30 September 2023.
will remain legal tender even after September 30.
Even after this the legal tender will remain. RBI hopes that 4 months is enough time for people to exchange notes with banks. Most of the Rs 2000 notes in circulation will be returned to banks within the stipulated deadline of 30 September. This is a regular exercise of RBI and people need not panic.
Finance
Cash from Credit Card in Dubai / Abu Dhabi / Sharjah in UAE
Cash from Credit Card in Dubai / Abu Dhabi / Sharjah in UAE
here are few shops in Abu Dhabi and Dubai where one can swipe the credit card and get cash in hand by paying a certain percentage usually 2.5%-4% as a fee. These shops provide cash in hand immediately after swiping the credit card on their credit card machine. The users can then convert their purchase into an EMI if the credit card has such a feature. This can come handy when someone is in immediate need of cash, but only have credit limit on their cards.
Cash from Credit Card in Dubai
In Dubai, several jewellery shops in Satwa / Bur Dubai area provide card from cash facility, but the percentage charged is quite high – 3.5% to 4.5%. You can try and negotiate with the shop keeper to get the percentage to a more reasonable 2.5% to 3%.
Javeri Jewellery in Bur Dubai
Address: Shop #3, Al Fardan Building Meena Bazar – Al Hisn St – Bur DubaiAl Fahidi – Dubai
Map location:
Atrium Center in Bur Dubai will provide Cash from Credit Card in Dubai
Atrium Center Bur Dubai, Shaheen General Trading
Cash from Credit Card in Abu Dhabi
Disclaimer: Above addresses and information is based on personal experience of UAE residents and not from the website editors.
Disclaimer: Taking cash from credit card may be an easy way to access money, but it is strongly not advisable as credit cards might lead to financial disaster if not used with care and if not repaid fully. Do keep in mind that the credit card issuing banks will charge minimum 3.5% interest per month which will account to 42% only in interest annually.
Features of Online Banking
Finance
Buy anything on the internet with 1 tap. Pay later Simpl
Buy anything on the internet with 1 tap. Pay later Simpl App
Online shopping is fast and convenient but the checkout options are not. The Simpl app brings the convenience of a khata online so you can check out with 1 tap and pay later.
A Khata for your online neighborhood.
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Faq:
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Yes, Simpl is among the most premier checkout experiences available today. Due to a network of 40 million approved users and over 1 million daily transacting shoppers, Simpl is clearly among the most trusted payment options on a network of over 26,000+ brands. Simpl uses a highly robust data and engineering model to approve users on the basis of their own proprietary scoring system without impacting customers’ overall credit history. The algorithms used in the back-end undergo an ever-evolving process of iteration, making them more nuanced and efficient each day.
Also read : EmiratesNBD credit card
In case of delinquency in bill payment, Simpl does levy a pre-decided and agreed-upon fee only on the outstanding amount and intimates its users on doing so. The buy now, pay later option on Simpl is designed for user convenience – a fact evidenced by over 5 Million downloads that the app has on its Google Play and App Store platforms.
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4. How does Simpl’s billing cycle work?
Your Simpl bill is generated twice a month.
All your transactions between 1st and 15th are added into one bill, which is generated on the 15th.
All transactions made between 16th and 30th/31st are added into one bill, which is generated on, you guessed it, 30th/31st.
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How is Simpl safer than cards and other modes of payment?
When you buy online, you have to carefully enter all your details every time. Sadly, this complicated verification process only gives you the illusion of security. In reality, the chances of fraud go up every time you share information over the internet.
With Simpl, your payment details are never passed to the merchant. By drastically reducing the number of times you give out your banking data online, we drastically reduce the chances of fraud! 🙂
How do I pay later in Simpl?
Buy anything on the internet with 1 tap. Pay later.
- Download the App. Download the Simpl app from the Android or iOS app store and sign up through the Simpl app to get instant account approval.
- Checkout with 1 Tap. …
- Shop online with 26,000+ merchants. …
- Clear your Simpl Balance.
What happens if I didn’t pay on Simpl?
Not paying your Simpl bill on time is a violation of the terms & conditions. It will lead to consequences including application of penalties up to Rs 1200, suspension of account.
Can I pay Simpl bill in installments?
Pay-in-3 allows end-customers to conveniently split their current payments into three tranches at no extra charges with a host of advantages.
Is Simpl an Indian app?
Simpl is headquartered in Bangalore, India and has a global team in 3 countries.
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