CA NARESH KUMAR SANKHLA

The Reserve Bank of India has decided to withdraw the ₹2000 denomination banknotes from circulation but they will continue to remain as legal tender. It has advised banks to stop issuing ₹2000 denomination banknotes with immediate effect. The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of legal tender status of all ₹500 and ₹1000 banknotes in circulation at that time. ₹2000 currency note will remain legal tender after 30th September too. RBI expects that 4 month time is enough for people to exchange notes with the banks. Most of the ₹2000 notes that are in circulation will return to banks within the given time frame of 30th September. This is a routine exercise of RBI and people need not panic," news agency ANI quoted citing sources. Rs 2,000 notes were primarily introduced to quickly replenish earlier Rs 500 and Rs 1,000 not

The Pension Fund Regulatory and Development Authority (PFRDA) has mandated that certain documents be uploaded by subscribers as of April 1, 2023 in order to speed up and simplify annuity payments after leaving the National Pension System (NPS). The pension organization stated in a circular dated February 22, 2023, "The upload of the papers shall be necessary with effect from April 1, 2023 in the interest of Subscribers and to benefit them with the prompt distribution of annuity income." What modifications affect NPS customers? The PFRDA has requested that the following papers be submitted to the appropriate Central Record Keeping Agency by the subscribers and any connected nodal offices, POPs, or corporations (CRA) interface for use. The following files must be uploaded: A NPS exit/withdrawal form, Proof of identity and residence as stated on the withdrawal form,  Evidence of a bank account, and  a copy of the PRAN card are all required. How soon will the new NPS regulation t