After demonetising the Rs 500 and Rs 1,000 currency, the Central government is now planning to bring back the Rs 1,000 currency with new enhanced security features.
According to a report in DNA, the government would shortly start printing the new Rs 1,000 note. The government is apparently planning to bring back the Rs 1,000 currency note to fill in the gap between the existing Rs 500 and Rs 2,000 notes. The preparations are in full swing. And the new Rs 1000 note can be out as early as December 2017.
A person close to the development told DNA, “The printing presses at Mysore and Salboni are getting ready to print the brand-new Rs 1,000 notes which will have enhanced security features. Printing of Rs 2,000-denominated notes stopped at least six months back and now the Rs 200 notes are getting printed at these presses. Next in line for printing is the Rs 1,000 note.”
The printing of the new Rs 1000 notes will be done in printing presses at Mysore and Salboni. The printing of the Rs 2000 notes was stopped six months ago, now the new Rs 200 notes are getting printed in these presses, after which these presses will start printing the new Rs 1,000 notes.
RBI recently released the new Rs 200 and Rs 50 notes. It, however, also mentioned that the old Rs 50 notes will be legal and tender, and will continue to be in circulation along with the new notes. But owing to size the ATMs will not dispense these new notes, until they are recalibrated.