There is no government proposal to
withdraw ₹2,000
currency notes, the government has said that many ATMs are still dispensing the
high-value notes. Several banks are said to have reduced or stopped the issue
of ₹2,000
notes.
Due to the higher circulation of currency notes of ₹500 and ₹200 denominations and inconvenience
faced by the customers in exchanging ₹2,000
currency notes, two of the public sector banks namely State Bank of India and
Indian Bank have been issued instructions to the field functionaries to
reconfigure the ATMs for currency notes of ₹500
and ₹200
denominations," Minister of State for Finance Anurag Thakur said in Lok
Sabha.
State-owned Indian Bank had earlier announced that it has
decided to stop using ₹2,000
notes in their ATMS. Due to less number of Rs 2,000 notes available in market for last couple
of months there was a rumor that government may be planning to take it out of
circulation.Thakur clarified that printing of notes was done by government
on the advice of RBI and while doing so effort is made to maintain balance of
currencies in circulation.
Currently, ₹7.40 lakh crore worth of ₹2,000 notes is in circulation. The
circulation of ₹100 notes is of the value of ₹1.96 lakh crore while that of ₹50 note is ₹43,784 crore. "Printing of
banknotes of particular denomination is decided by the government in
consultation with the RBI to maintain desired denomination mix for facilitating
transactional demand for public," Thakur added.
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