Rs 2000 notes likely to disappear from market as RBI stops printing
New Delhi: Sooner or later, Rs 2,000 notes are likely to vanish from the market as the Reserve Bank of India (RBI) has stopped printing the currency notes and will not be bringing new notes of this denomination in the current financial year.
According to sources, the RBI has also accelerated the process of printing the Rs 200 currency notes. The new notes are expected to start circulating by next month.
The RBI has reportedly already started printing the first batch of Rs 200 note since June to ensure easy currency availability in the country. The Rs 200 notes are likely to come into circulation next month, sources added.