The Reserve Bank of India‘s (RBI) decision to withdraw Rs 2000 denomination banknotes has received mixed response from Indians across the country. It did bring back the memories of demonetisation that happened six years back. Not to forget the difficult times it ushered in, which led to chaos all around. Celebs share their opinion on this new development. They also comment on how easy it was to carry Rs 2000 notes and the cashless culture slowly picking up in India. Here’s what they said.
Cashless culture is quite prevalent, so no need for any chaos. In fact, the 2000 note is not visible among the general public for the last few years. This means it is being used by black marketers and hawala rackets. I support the government decision as it is good for the country’s economy.
No doubt that it was easy to carry 2000 notes but as the government is withdrawing it now we would need bigger bags to carry lesser denomination currency. It’s still legal to tender even after the September 30, deadline as per the RBI reports. Having said that, the cashless culture is definitely much easier to follow, no worries of change related issues and all. But then we love the feel of cash, so let’s go with the flow. As I don’t see any panic around per se, panic for those who are hoarding black money of course. These moves bring out unaccounted money, which is important. Smart move by the government I would say.
It’s a good step. We don’t have cash anyways, also with the cashless culture getting big here, I don’t think it would make much of a difference. I think it’s a good step and won’t affect people much, however it would definitely affect those with black money. Earlier when the demonetisation happened, it was definitely chaotic, but this time it won’t be a matter of panic. I appreciate this step by the government.
It’s a very sudden step by the government and I support it. People today are living in the cashless culture and carry less cash with them. Even I don’t carry much cash when I step out. Also getting a change of Rs 2000 was definitely difficult. Overall such a situation comes as a shocker for people who are into business and that is bad. The last demonetisation was definitely chaotic and this time only one note has been banned. I am sure this time there won’t be much panic as people are used to being cashless. It’s better to carry less cash and believe in cashless payment. My dad doesn’t believe in cashless payments and believes in doing payments in cash, so this step might be difficult for those in that age group, who are still doing payments in cash.
The first time there were a lot of kiosks as it happened overnight. This time people are aware and they have ample time to deposit in their banks. It’s still a legal tender so you are mandated to accept the note until September. I am a hundred percent cashless. Ever since everything went online and digital, everything is cashless for me.
This rs 2000 note isn’t carried by many and I think there will be less kiosks this time. With the last experience, people will handle it better this time. I am totally in support with the new digital economy and cashless economy.
I think a lot has changed since the last time it was banned. Digital payments have picked up and are now widely accepted. I hardly handle cash for even petty transactions. Nearly everyone’s touch point is digitally enabled. From the vegetable seller , rickshaw rides to the super store to anything you can think of. It was easy to carry and very hard to use! Everyone had Rs 2000 notes and no one to exchange into smaller denominations. I have shifted fully to almost cashless transactions. You can make exact payments and no more balance headaches. Japan has recently held up UPI as a model to emulate. This is a developed country so we have come a long way on the cashless route!