Nettet20. des. 2016 · Legal tender is legal status given to an instrument like currency note that it can be used as medium of payment. For example, the Rs 2000 note involves a legal tender assured by the RBI for settling payments to that value. Cheques or instruments like commercial bills can’t be used as legal tender money. Similarly, a virtual currency like ... NettetWhat is legal tender money in India? Every banknote issued by the Reserve Bank of India (RBI) shall be a legal tender in India, provided those notes are not removed from circulation.You can read about the RBI – Know More About Reserve Bank of India in the given link. Further readings: Bad Banks – Idea Proposed Due to COVID-19
Cryptocurrency will never be a legal tender in India: Finance …
Nettet6. apr. 2024 · Legal Tender Money. Any form of payment recognized by a government that is used to pay debts or financial obligations, such as tax payments, is considered … Nettet9. des. 2024 · Legal Tender Money-. Money that is backed by the government and has a legal sanction by the government is called legal tender or legal tender money. When … drop shipping for kids clothes
Indian rupee - Wikipedia
Nettet17. nov. 2016 · In an unscheduled televised address on 8 November Prime Minister Narendra Modi gave the nation just four hours notice that 500 ($7.30; £6) and 1,000 rupee notes would no longer be legal tender ... Nettet12. des. 2024 · Demonetization is an economic process in which a country’s currency unit is no longer legal tender. A currency unit is what we would commonly. Corporate Finance Institute . Menu. ... India (2016) A recent example of demonetization was India in 2016 when the government announced the discontinuation of all ₹500 and ₹1,000 … Nettet20 timer siden · About Me Hi, I am Saurin Makim. I am the proud father of two teen-aged kids, a lucky husband, and the founder of Baystate Wealth Advisors. My previous career was in software development and Technical Project management at a few Fortune 500 companies in Chicago and Boston. collard greens and smoked neck bones