No plans to introduce ₹5,000, ₹10,000 Notes: Government 

The government today said it has no plans to come out with ₹5,000 and ₹10,000 bank notes. “The matter was examined in consultation with the Reserve Bank of India and it has not been fund suitable to introduce of ₹5,000 and ₹10,000 note,” Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Lok Sabha.

He replied in negative when asked whether the government proposes to introduce ₹5,000/10,000 denomination notes with a view to reduce the expenditure on printing of notes in future.

Economic Affairs Secretary Shaktikanta Das had last month said that the government has no plans to re-introduce 1,000 rupee notes.

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