Thakur said that as getting change for Rs 2,000 notes was becoming a problem, SBI and Indian Bank decided to reconfigure their ATM to support lower denomination Rs 500 and Rs 200 notes.
He clarified that printing of notes was done by government on the advise of RBI and while doing so effort is made to maintain balance of currencies in ci rculation.
Currently, Rs 7.40 lakh crore worth of Rs 2,000 notes is in circulation. The circulation of Rs 100 notes is of the value of Rs 1.96 lakh crore while that of Rs 50 nite is Rs 43,784 crore.
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