When new currency note of Rs 500 to be released
High Court Judge Kirubakaran raised question when will the new currency note of Rs. 500/- will be available to Tamil Nadu.
Mr. Ramamurthy has filed up a petition to Chennai High court regarding the non-supply of currency notes the agricultural cooperative banks.
When this case taken for enquiry, the High Court Judge Kirubakaran raised the question when new currency note of Rs 500/- is said to be made available in Tamil Nadu.
This question was answered an explanation on behalf of RBI as the new Rs 500 currency notes have many safety features to tell the exact date when issued for circulation.
On behalf of the central government, it was replied that no orders can be given on this as the case regarding this issue is pending in the Supreme Court.
Following this, Judge Kirubakaran postponed the enquiry to 28th November