Khandelwal said – RBI order will not affect traders
New Delhi. The Confederation of All India Traders (CAIT) has appealed to the Reserve Bank of India (RBI) to withdraw the two thousand rupee note. The decision has been termed as the right step. CAIT said that the RBI order is a commendable step towards encouraging citizens to accept, adopt and use digital payments in their daily purchases.
CAIT National General Secretary Praveen Khandelwal said on Saturday that this move of RBI will not affect the business of small traders, but it will definitely hurt the big and affluent section, who have stocked a large amount of Rs 2,000 notes. Will happen.
Khandelwal said that this step of the Reserve Bank will not cause any disturbance in the business of traders. Due to the increase in digital transactions, the use of Rs 2000 note has decreased. In such a situation, RBI has taken adequate steps to ensure smooth transaction of business by declaring it out of circulation and giving four months time to replace it with smaller denomination notes.
CAT General Secretary informed that CAT has been actively advocating the acceptance of digital payments among the business community for the last several years to make Prime Minister Narendra Modi’s dream come true and will continue to do so.
Significantly, the Reserve Bank has announced the withdrawal of Rs 2000 note on Friday, which will have to be deposited in banks by September 30, 2023.
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