If reports are to be believed, the RBI has already started printing of new Rs. 200 notes that are expected to hit the market by August. Complementing the push to circulation of low-value currency, the bank has also stopped printing Rs. 2,000 notes for the current financial year. According to SBI, the currency in circulation in the economy has reached 84% of pre-demonetization levels.

Rs. 2,000 The beginning of the end of the Rs. 2,000 note? Credits:

There had been disequilibrium in the market after the introduction of Rs. 2,000 notes straight after Rs. 500. Recently, SBI was only receiving Rs. 500 from RBI in high-value currency, said COO Neeraj Vyas, and the Rs. 2,000 notes coming in were only due to recirculation. Rs. 200 notes are an attempt to make up for the lack of low-value notes in the economy.

Rs. 200 Drastic changes expected with the new Rs. 200 notes

After new Rs. 200 notes come in, Rs. 2,000 notes in ATMs are expected to find fewer takers. Number and cost of replenishment in ATMs, which generally hold 10,000 notes, will also decrease compared to Rs. 100 notes. "It will also help in bigger transactions. You can (pay) Rs 2,000 in ten Rs 200 notes rather than twenty Rs 100 notes," an official said.

Status What's the status of cash availability after demonetization anyway?