RBI to soon introduce new notes of Rs 1000 with extra security features

The government will present new Rs 1,000 money notes in a couple of months and furthermore new arrangement of lower category bills with improved security highlights.

On Thursday, the government enabled more installments to be made through the demonetized Rs 500 and Rs 1,000 notes. Expenses, prices, assessments and punishments payable to the focal and state governments, including metropolitan and installment of utility prices for water and power and so on can be made utilizing the old notes. Like different relaxations, these will likewise be accessible just till noon of November 11, 2016.

The legislature demonetized the Rs 500 and Rs 1,000 notes on Tuesday to get rid of dark cash, counterfeit money, and dread financing. It has presented new Rs500 and Rs2,000 notes. The money notes of the lower group of Rs100 and Rs 50 will keep on being the legitimate delicate.

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The new arrangement of such notes with a new plan and included security highlights will likewise be presented. The new Rs 500 banknotes have additional security includes other than having impossible to miss shading, subject, and size, which separate the new entries from the previous arrangement.

Economic Affairs secretary Shaktikanta Das repeated that little merchants, money investment funds in family units and independently employed private ventures can store '500/1000 notes up to '1 or 2 lakhs without dread, and encouraged individuals not to accept gossipy tidbits spreading via web-based networking media. "Part of deception being spread in online networking. Kindly don't trust them," he tweeted. "Tales about computerized storage spaces, extra consistency necessities for NRIs, and so on absolutely false."

Das said permitting FIIs in ware exchanging is under thought, yet no choice has been taken. "Numerous recommendations have accompanied respect to allowing FIIs into ware exchanging, however, no choice has been taken. The issue is under thought. The issue is additionally under the thought of Sebi," he said at the meeting. "On the off chance that the Sebi board in the wake of taking a view suggests a controller, on the off chance that they license... on the off chance that it requires government authorization, we will see. Be that as it may, up until this point, no choice has been taken," he said.

by Ishan Soni | Tue, Sep 17 - 12:59 PM

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