Even after Rs 2000 note went out of circulation, long queues were seen in banks. Meanwhile, discussion started on social media that Rs 1000 note will be re-issued by RBI.
1000 Note Demonetisation: As soon as demonetization is mentioned, everyone remembers the evening of 8 November 2016. When Prime Minister Narendra Modi had announced the demonetization of 500 and 1000 rupee notes. After this the common man faced a lot of problems. There were long lines at banks and ATMs. At this time a note of Rs 2000 was issued by RBI. But recently the Central Bank decided to remove Rs 2000 note from circulation after about six years. Till October 7, Rs 2000 notes were deposited in banks.
Long lines were seen in banks
Even after Rs 2000 note went out of circulation, long queues were seen in banks. Meanwhile, discussion started on social media that Rs 1000 note will be re-issued by RBI. This discussion took place many times on social media. Now again when the discussion about Rs 1000 note started on social media, RBI had to come forward and give information about it.
RBI is not in consideration of the re-introduction of Rs 1000 note: Sources
— ANI (@ANI) October 20, 2023
Regarding the need for cash reduced due to digital transactions,
it was told earlier by RBI that Rs 500 notes are sufficient to meet the cash requirement in the economy. Digital transactions have also increased rapidly in the last few years. This has also reduced the need for cash. It has been told earlier also by RBI not to fall prey to any kind of rumour. Nor is there any plan to introduce Rs 1000 note in future.
Recently it was told by RBI that 87 percent of Rs 2000 notes have returned to the banks. Currently there are about Rs 12 thousand crore notes left in circulation. If you also have any note left, you can deposit it in the regional office of the Reserve Bank or get it exchanged from there.
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