Wednesday 22 February 2017

No plans to introduce Rs 1,000 notes- Ripples Financial Advisory

The government has no plans to introduce Rs 1,000 notes and the focus is on increasing production of lower denomination currencies, Economic Affairs Secretary Shaktikanta Das said as per the PTI report. He also said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need. 

"No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes," he tweeted. "Complaints of cash out in ATMs being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others," he said in another tweet.

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