Ever since Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 notes, there has been speculation about Rs 500 notes and Rs 1000 notes.
500 RS Note: Ever since the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 notes, there has been speculation about Rs 500 notes and Rs 1000 notes. It is said that the 500 rupee note will also be withdrawn soon. India’s economic market will continue with 10, 20, 50, 100, 200 and then 10,000 rupee notes, keeping some of the old system. This morning, Reserve Bank of India Governor Shaktikanta Das told the truth in this regard.
All about 500 RS Note holders alert
Recently the RBI governor said that the central bank has no plans to withdraw the Rs 500 note (500 RS Note) and reissue the Rs 1000 note at the moment. He also advised people to avoid all such speculations. It is reported that 2000 rupee notes worth 1.8 lakh crore rupees have already returned to the bank. The central bank expects that the remaining Rs 2000 notes will also be properly deposited before September 30.
On this day, the Governor of the Reserve Bank of India also announced that there is no change in the repo rate this time. According to the Reserve Bank of India’s calculations, the growth rate at the end of June of the current financial year is likely to be 8 percent. After that the growth rate may slow down a bit. The RBI also said that the growth rate for the current financial year is estimated at around 6.5 percent.
Incidentally, the printing of Rs 2,000 notes was stopped since 2018. After such news came to light, the question is again raised that if the plan to cancel 2000 notes was going on long ago. Meanwhile, common people demand that 500 rupees note will be canceled one day. Shaktikanta Das may not be the governor till then.
