1000 notes

The widespread NEWS about ₹1000 notes being printed and to be circulated by the Government of India seems to be rumors. Secretary of Economic Affairs, Shaktikanta Das, on Wednesday, made a clarification about the same via a tweet.

GOI stated that no plans are for issuing new ₹1000 notes. The focus is on printing and circulating ₹500 notes. In another tweet, Mr. Das said that complaints of cash out in ATMs are being addressed.

And he requested everyone to draw the cash they actually require. Uncontrolled overdrawal by citizens may keep others deprived of cash.

A part of media reported that ₹1000 notes are soon going to be issued by the government. And preparations have been started for the same.

Also Read: ₹500 And ₹2000 Notes Will Cost ₹12,000 Crore For Printing and Circulation