1000 rs new currency note to be released in new form
RBI and Central Government is said to getting ready to release new 1000 rs note in a new form.
When demonetization was announced that old Rs 1000 and Rs 500 currency notes becaome invalid. Due to this RBI has released new Rs 2000 and Rs 500 notes. New notes are being issued in order to replace Rs 15.44 lakh crore worth demonetized currency notes. On January 27, notes in circulation on all denomiations including Rs 500 and Rs 2000 were about Rs Rs 9.92 lakh crore. But Reserve Bank has not yet confirmed this.
Yesterday, RBI has permitted to withdraw about Rs 50000 from the savings bank account, Effective March 13 all limits on cash withdrawal from saving bank accounts said to removed.
At this instant, invalid Rs 1000 note are now newly designed and new designed Rs 1000 notes are said to be introduced. Its not known yet that when new 1000 rs note will be reintroduced.