Updated By: LatestGKGS Desk
Nasik note press printing new Rs 500 notes apart from 10, 50, 100
Nasik press releases the first batch of 50 lakh notes of 500 to Reserve Bank of India
Till Wednesday this week, Nasik press expects to send the second batch of 50 lakh 500 notes to RBI.
Nasik press is one of the nine units of RBI which prints the currency.
Nasik press prints all the currency denomination of 20, 50, 100, 500 and 2000
The denomination of 2000 note is in circulation but 500 note was not issued by the banks.
Now soon RBI would send 500 denomination notes to all the banks which would decrease the problems of the people.
Madhya Pradesh press is already printing 500 denomination notes and is expected to release to RBI soon.
On 8th November 2016, PM Narendra Modi declared to ban 500 and 1000 denomination note and due to this people are suffering a lot to exchange and deposit the money.
