New 1000 rupee notes to be introduced
Posted on: 28/Jan/2017 11:49:49 AM
The 1000 rupee notes were declared as invalid. Now there is news that new 1000 rupees are to be released soon with enhanced security features.
On 8th November, in order to abolish black money and fake notes, the government had announced that the Rs 1000 and Rs 500 notes will be invalid. In lieu of this new 500 and 2000 rupee notes were released. But there were complaints that there is problem in getting change for Rs 2000. Hence it has been decided to bring down the circulation of Rs 2000 notes step by step.
The new 1000 rupee will come in a new design with enhanced security features to check counterfeiting. These notes will come in a new colour and may also be Braille friendly.
Meanwhile, the Reserve Bank of India may lift restrictions on cash withdrawal from banks and ATMs
