RBI Update: You will be able to see the new ₹1000 note in the market on this day, thanks to a major update from the RBI, which has introduced the Reserve Bank Clean Note Policy.
The market will soon witness the withdrawal of the ₹2000 note. This signifies that the ₹2000 note will no longer be accepted as legal tender. Introduced post-demonetization in 2016 as the highest denomination note, its holders have faced challenges in exchanging it. However, with the impending discontinuation of the ₹2000 note, the question arises: will a new ₹1000 note be introduced?
1000 rupee note back
Could we see the return of the ₹1000 note? The possibility exists, albeit with uncertainties. Notably, significant transactions and international trade frequently require higher denomination currency. Previously, the ₹1000 note served this purpose. However, the introduction of the ₹2000 note streamlined large transactions. Now, with the cessation of the ₹2000 note, the necessity for the ₹1000 note may resurface.
RBI may consider
Under these circumstances, the RBI may contemplate reissuing it. However, this course of action is subject to the discretion of the central government. What guidance do advisors to the government provide on this issue?
RBI video goes viral
Before its initiation, a video went viral on social media claiming that a new 1000 rupee note would be introduced. However, this did not happen at all because there was no indication from the government in this regard. The video circulating on social media was found to be fake.
