| (India) | |
|---|---|
| Value | ₹1000 |
| Width | 177 mm |
| Height | 73 mm |
| Security features | Security thread, latent image, micro-lettering, intaglio print, fluorescent ink, optically variable ink, watermark, and see through registration device. |
| Material used | special variety of cotton, linen, abaca and fibre |
| Years of printing | November 2000 – November 2016 |
| Obverse | |
 | |
| Design | Mahatma Gandhi |
| Design date | 2000 |
| Reverse | |
 | |
| Design | Economy of India |
| Design date | 2000 |
The Indian 1000-rupee banknote (₹1000) is an obsolete denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹1000, ₹5000, and ₹10000 were demonetized in order to curb unaccounted cash money.[1][2]
In order to contain the volume of banknotes in circulation due to inflation, the ₹1000 banknote was again re-introduced in November 2000, under the government of Atal Bihari Vajpayee, as a part of the Mahatma Gandhi Series of banknotes; these were demonetized on 8 November 2016 by the Prime Minister of India Narendra Modi, with the claimed reasons of preventing the issue of counterfeit currency and to fight corruption and black money in India.
- ^ "Demonetization of higher denomination banknotes". Your Guide to Money Matters. Reserve Bank of India. Archived from the original on 12 January 2012. Retrieved 11 January 2012.
- ^ "India Paper Money A Retrospect". Republic India Issues. Reserve Bank of India. Archived from the original on 18 January 2012. Retrieved 11 January 2012.