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Each 2000 & 500 New Note Printing Cost That RBI Spends

Check here how much the RBI pays / spends on printing a single currency note of Rs 2000 and Rs 500. Here is the answer that Each 2000 & 500 New Note Printing Cost That RBI Spends.

Rs 2000 & 500 Note Printing Cost That RBI Spends

New 500 2000 Currency Note Printing Cost that rbi paysNew 2000 Rupee Currency Note Specimen Copy

On 8th November 2016, PM Modi addressed to the nation and announced that old Currency Notes of denomination 500 and 1000 would not be legal tender. The step was taken by the government to stop corruption, Black Money circulation and to put obstruction on fake currencies that is used by the Terror groups.

New 2000 Currency Note Printing Cost

So the government introduced new currency notes in Denomination of 500 and 2000. That caused a bit problem to the people all over the country due to less amount of Notes printed. Now conditions are getting under control.

During this whole process of Demonetization, has it ever struck in your mind that How Much Government Spends In Printing Each New Currency Note of 2000 and 500??? Here it is.

The new notes are being printed at Bhartiya Reserve Bank Note Mudran Private Limited (BRBNMPL) which is a subsidiary Reserve Bank of India.

New 500 Currency Note Printing Cost

New 500 2000 Currency Note Printing Cost that rbi pays

New 500 Rupee Currency Note Specimen Copy

In response to an RTI filed by Chandrashekhar Gaud from Neemuch, BRBNMPL responded that it costs around Rs 3.09 for printing the new 500 rupees note.

While to print a 2000 Rupees Note it is costing them Rs 3.54 which is same as amount which it used to pay for the old note of Rs. 1,000

It is also in News that 2000 new currency notes will be not in circulation after March. We don’t know whether this is true or just a rumor, but I really think that we don’t need such High Denomination Currency Notes and 500 should be the maximum amount that should be continued in circulation.

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