RBI may be holding back Rs 2,000 notes, says SBI report

[IndianMascot]

The Reserve Bank of India (RBI) may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report.

Juxtaposing the data presented in the Lok Sabha recently with the one provided by RBI in its Annual Report earlier, the SBI Ecoflash report said today, "we observe" that the value of small denomination currency in circulation up to March 2017 was Rs 3,501 billion.


Via: Moneycontrol

 

[bhaskarkilli]

ye kya majaak hai??

 

[IndianMascot]

Keep 500. Don't keep 2000 in hand.

 

[Arundass]

Yep there is news that printing of 2000/- notes was stopped months back.
Slowly and gradually the 2k notes getting deposited into the bank will not be re issues and will go back to RBI. Thus 2K notes will be out of market.

500 will be the highest denomination. 500,200,50 new notes have come in market.

Soon new 100,20 notes will be launched.

All info based on different sources some might be speculation.

 

[Technoglitch]

Hope they introduce back rs 1000

 

[Arundass]

Hope they introduce back rs 1000

No they won't.
The plan is to make 500/- the highest denomination.

 

[scorpionking76]

Hope they introduce back rs 1000

They won't that's what I feel, already spend crores of rupee for introducing new notes.