70% people want banned Rs 1,000 notes back, says survey

Ten months after the note-ban of the 1,000 and 500 rupee notes, a survey says that around 70% of the people want the Rs 1,000 banknotes back.

In last November, government banned Rs 500 and Rs 1,000 bank notes to reduce corruption in the country. Recently, the Reserve Bank of India informed that as much as 99% of the banned notes have come back to the system.

The survey done by a Hyderabad-based local language short news app Way2Online, said that around 69% of the research participants replied with 'yes' when asked if there is a need for Rs 1,000 banknotes.

After the note-ban, the Reserve Bank had also introduced new Rs 500 and Rs 2,000 notes. However, around 62% of the participants faced problems in getting change, while a 38% had no problem in getting the change for the high-value bank notes.

In August, the Reserve Bank introduced Rs 200 banknotes to solve the problem and ease cash transactions.

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