Rs 1,000 notes will be back in market soon, printing underway
The Reserve Bank is all set to launch the new Rs 1,000 note. The launch of the new series Rs 1,000 note scheduled for January 2017 was delayed due to a pressing need to put in circulation the Rs 500 notes.
Printing of the new Rs 1,000 notes have already begun and the RBI expects to put the same into circulation in another month’s time. The introduction of the new Rs 1,000 note is expected to reduce the burden on the people who have been scrambling for change since the higher denomination Rs 2,000 notes were introduced.