Now the Finance Ministry has said a big thing about currency notes in the Lok Sabha. So you also know whether the government is now taking a decision to withdraw the Rs 500 note from circulation…? The Ministry of Finance has given a big update on the notes of 500, 1000, 2000 rupees in the Lok Sabha.

September 30 is the last date

According to the information received from the Reserve Bank, till September 30, 2023, you can exchange the 2000 rupee note. The Finance Ministry told the Lok Sabha that the deadline to exchange Rs 2000 notes in banks is till September 30, 2023, and the government is not considering any proposal to extend it further.

Will 500 note also be banned?

Let us tell you that the media has asked the Finance Ministry whether the government will also stop the Rs 500 note to curb black money…? Let us tell you that the government is closing the big notes to stop black money. At present, Rs 500 denomination note is the biggest in the market, so can the Rs 500 note also be banned in the coming days? At present, the Finance Ministry has said that no such scheme has been considered.

Demonetisation happened for the first time in 2016

Modi government had taken the decision of demonetisation for the first time in the year 2016, in which it was decided to close the notes of 500 and 1000 rupees, after which the general public had to face a lot of trouble. Now recently, the government has decided to take out the Rs 2000 note from circulation, after which the question is coming up whether the government can once again bring back the Rs 1000 note. On this too, the Finance Ministry has said that at present no such scheme has been considered.

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Once again the government has taken a big decision. Let us tell you that after the notes of 500 and 1000 rupees, the government has decided to close which note- Demonetization took place in 2016 In the year 2016, demonetization was announced across the country, in which Rs 500 and Rs 1000 notes were demonetized.

However, after that the government again printed new notes of 500 rupees and released them in the market. At present, 500 rupee notes are running in the market. At the same time, 1000 rupee notes are still out of circulation.

Note closed in 9 years, let us tell you that the government has already put the notes out of circulation. Today we are talking about that note, which was first printed in 1938, but its journey did not last long and it was discontinued in just 9 years. After this, it was brought into practice again. When this note came in the market again, India was an independent country and the year was 1954. This time this note remained in circulation for a long time. When this note was closed again. This note was of 10000 rupees.

Which notes are currently in circulation in the country?

The notes currently in circulation in the country are of 10, 20, 50, 100, 200, 500 and 2000 rupees. According to section 24 of the RBI Act, 1934, RBI has the right to print notes of 2, 5, 10, 20, 50, 100, 200, 500 and 2000, 5000, 10000 rupees. The right to print such other denomination, not exceeding ten thousand rupees, is available.

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