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WorldAsiaBig update on 1000 rupee note, what will be the return? ...

Big update on 1000 rupee note, what will be the return? RBI Governor’s statement.


1000 rupee note: On 8 November 2016, the central government had announced the closure of old notes of 500 and 1000 rupees.

Although after this new notes of 500 rupees came in the market, but the central government had decided to bring 2000 rupee notes in place of 1000 rupee notes. But now the Reserve Bank of India (RBI) has announced the closure of Rs 2000 note after six and a half years.

RBI Governor’s big statement on Rs 2000 note: Ever since the RBI has announced the closure of Rs 2000 note, the market of rumors about the return of Rs 1000 was hot. But meanwhile RBI Governor Shaktikanta Das has denied these rumors and made it clear that the government has no intention of printing Rs 1000 notes.

According to Das, by September 30, most of the Rs 2,000 notes in the market will reach the RBI. The RBI governor claimed that other denominations ie other notes are in good supply in the system.

Banks should not be in a hurry: RBI Governor Shaktikanta Das said on Monday that there is no need for banks to be in a hurry to convert Rs 2,000 notes as there are still four months left for the September 30 deadline. If there is any problem during this period, the Reserve Bank of India will consider it.

According to Das, the decision to remove Rs 2,000 from circulation is part of the currency management operations of the Reserve Bank and is in line with the clean note policy. Deadline may be extended: RBI will be sensitive to any concerns that may arise.

Shaktikanta Das indicated that the September 30 deadline may be extended, noting that he is aware that many Indians living abroad may not be able to exchange or deposit their Rs 2,000 notes by that date. RBI has asked banks to set up infrastructure like a cool shady waiting room for those wishing to exchange their notes along with drinking water facilities in the scorching heat, where is it?

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