No plans to introduce ₹1000 notes. Focus is on production and supply of ₹500 and lower denomination notes.— Shaktikanta Das (@DasShaktikanta) February 22, 2017
Last week, Finance Minister Arun Jaitley had said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
Enough cash available. Logistics issues of reloading ATMs more frequently being addressed.— Shaktikanta Das (@DasShaktikanta) February 22, 2017
The government had announced withdrawal of old 500 and 1,000 rupee currency notes on November 8, 2016, with an aim to check black money, counterfeit notes and terror financing. This took away 86 per cent or Rs 15.44 lakh crore out of circulation. The Reserve Bank of India has been gradually relaxing withdrawal restrictions imposed after the notes ban.
Complaints of cash out in ATMs being addressed.Request everyone to draw the cash they actually require.Overdrawal by some deprives others.— Shaktikanta Das (@DasShaktikanta) February 22, 2017
From February 20, the limits from cash withdrawal from savings bank accounts were increased to Rs 50,000 per week. And effective March 13, 2017, there will be no limits on cash withdrawal from savings bank accounts.
Asked about the amount of scrapped currency received by banks post demonetisation, the finance minister said RBI Governor Urjit Patel had recently informed that the central bank would disclose the figure only after the process of currency verification is complete.
(With agency inputs)