New Rs 1000 Notes To Be Issued In A Few Months, Says Government

New Delhi: A new Rs 1,000 note with enhanced security features will be issued in a few months in place of the one already banned, the government said on Thursday

Economic Affairs Secretary Saktikanta Das said at a press conference that the new notes will be of a different colour and design.

The Government on Tuesday withdrew legal tender status to bank notes of denomination 500 and 1,000 rupees as part of its drive against black money and counterfeit currency. They are being replaced with new bank notes of 500 and 2,000 rupee value.

The new Rs 500 banknotes have extra security features besides having peculiar colour, theme and size which differentiate the new bills from the earlier series.

The Rs 2,000 notes, which are being introduced for the first time, will be of magenta colour with Mangalayan imprinted on the reverse side.

The currency notes of lower denomination of Rs 100 and Rs 50 will continue to be the legal tender, he said, adding the Reserve Bank will come out with new series of such notes with new design and added security features.

The Reserve Bank, time and again, has been introducing new series of currency notes with new design and enhanced security features.