RBI quashes rumours of bringing back Rs.1000 currency in the market
RBI quashes rumours of bringing back Rs.1000 currency
in the market
Rumours are doing the rounds that RBI which once put out of circulation,1000 rupee currency plans to bring it back in the market.
However, RBI says it has no any plan to introduce Rs 1000 note nor is it thinking of issuing any new Rs 1000 note.
Reportedly, Reserve Bank in a statement has said that to maintain the cash flow in the market, the government has printed enough notes of Rs 500, so that people do not have to face cash related problems.
At the same time, the use of digital payment has reduced the need for cash among the people. In such a situation,
RBI says that there is no need to bring Rs 1000 notes and has advised people to stay away from rumours.
It is noteworthy that in 2016, the central government had demonetized Rs 1000 and old Rs 500 notes and in their place issued new Rs 500 notes and Rs 2000 notes. However, now the government has also withdrawn the Rs 2000 note. The deadline for depositing and exchanging Rs 2000 notes in banks has ended.
2000 rupee notes can still be exchanged from here
However, currently you can exchange and deposit Rs 2000 notes in RBI offices. There are a total of 19 regional offices of RBI in the country, from where Rs 2000 bank notes can be exchanged.
RBI has taken all measures to ensure that the information provided in this article and on social media platform is credible, verified and sourced from other Big media Houses.
News Edit K.V.Raman
