New Delhi: The government has no plans to introduce Rs 1,000 notes and the focus is on increasing production of lower denomination currencies, Economic Affairs Secretary Shaktikanta Das said on Wednesday.
He also said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need.
"No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes," he tweeted.
"Complaints of cash out in ATMs being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others," he said in another tweet.
Finance Minister Arun Jaitley had last week said the remonetisation situation with regard to replenishing the scrapped currency was "almost normal" and the Reserve Bank of India was monitoring the supply on a daily basis.
The government had announced withdrawal of old Rs 500 and Rs 1,000 currency notes on November 8, 2016, with an aim to check black money, counterfeit notes and terror financing.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
