42% Faced Rejection Using Rs 2,000 Notes Despite September Deadline: Survey
In a recent nationwide survey conducted by the Public App, the sentiments and experiences of the general public regarding the withdrawal of Rs. 2,000 banknotes by the Reserve Bank of India (RBI) have been unveiled. With over 1 lakh+ responses received from 22 states, the survey provides valuable insights into the challenges faced and opinions surrounding the government's decision.
Extended Timeframe and Cap for Exchange
One of the key findings from the survey is that 51 per cent of the respondents believed that the government should have provided them with more time to exchange their Rs. 2,000 notes. This sentiment was particularly strong in Assam, where 65 per cent of respondents agreed. Additionally, 44 per cent of respondents felt that the cap for the exchange of Rs. 2,000 notes should have been set higher than Rs. 20,000. Again, Assam had the highest number of respondents, with 54 per cent agreeing with this opinion.
Intentions with Rs. 2,000 Notes
Regarding the utilisation of the withdrawn currency, 55 per cent of the surveyed individuals expressed their intention to deposit the Rs. 2,000 notes at the bank. Meanwhile, 23 per cent planned to spend the notes directly, and 22 per cent were looking to get them exchanged. As people aimed to spend their Rs. 2,000 notes, the survey found that common purchases included petrol and diesel, gold and jewellery, and daily groceries.
Challenges Encountered and Rejection of Rs. 2,000 Notes
When asked about their experiences while getting their notes exchanged, 61 per cent of the respondents reported encountering no difficulties in the process. Kerala emerged as the state with the smoothest exchange process, with 75 per cent of respondents claiming no difficulties. However, 42 per cent of the participants faced rejection from local businesses even after the deadline for acceptance. The states with the highest rejection rates were Andhra Pradesh (53 per cent) and Tamil Nadu (50 per cent).
What We Can Learn From The Poll Findings
These poll findings offer insights into the sentiments, experiences, and expectations of the Indian public following the withdrawal of the Rs. 2,000 banknotes. The opinions expressed regarding the extended timeframe for exchange and the cap on exchange amounts shed light on the challenges faced by citizens. Furthermore, the intended usage of the withdrawn notes provides an understanding of how individuals plan to manage their currency holdings. The survey also highlights the challenges faced by individuals in exchanging their notes and the rejection of Rs. 2,000 banknotes despite the deadline.
Overall, this nationwide survey serves as a valuable tool for understanding public sentiment and provides a comprehensive overview of the general public's experiences and perspectives surrounding the withdrawal of Rs. 2,000 banknotes by the RBI.
