No Proposal To Re-Introduce 1,000 Rupee Notes: Government

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No Proposal To Re-Introduce 1,000 Rupee Notes: Government (File Photo)

There is no proposal to reintroduce 1,000 rupee note” said Indian Economic Affairs Secretary Subhash Chandra Garg confirmed today.

READ Full Coverage Demonetisation

The rumors come amid reports that the government may re-introduce Rs 1,000 notes.
Demonetisation on November 8, 2018
The government had announced the withdrawal of old Rs 500 and Rs 1,000 currency notes on November 8, 2016, with an aim to check black money, counterfeit notes and terror financing.
RBI Introduced Yellow Color Rs 200 Notes
The Reserve Bank of India Introduced yellow color Rs 200 notes on August 25. The post demonetisation on November 9 last year, the Reserve Bank had introduced Rs 2,000, Rs 500 notes with additional security features.