Begin typing your search above and press return to search.

Arun Jaitley rules out scrapping Rs 2000 Notes

By:  Tupaki Desk   |   18 March 2017 10:05 AM GMT
Arun Jaitley rules out scrapping Rs 2000 Notes
X
Union Finance Minister Arun Jaitley made it clear that Centre have no plans to scrap the newly introduced Rs 2000 currency notes at all.

As on December 10th, 2016: Old Currency Notes of Rs 500 and Rs 1000 that reached currency chests amount to Rs 12.44 lakh crore.

As on January 27th, 2017: Rs 9.921 lakh crore currency is in circulation.

As on March 3rd, 2017: Rs 12 lakh crore currency is in circulation.

Centre permitted Reserve Bank of India to conduct field trials of Rs 10 plastic notes which have a longer life span. RBI would start printing denominations of Rs 10 anytime soon.