Indian 1000-rupee note

One thousand rupees
(India)
Value1000
Width177 mm
Height73 mm
Security featuresSecurity thread, latent image, micro-lettering, intaglio print, fluorescent ink, optically variable ink, watermark, and see through registration device.
Material usedspecial variety of cotton, linen, abaca and fibre
Years of printingNovember 2000 – November 2016
Obverse
DesignMahatma Gandhi
Design date2000
Reverse
DesignEconomy of India
Design date2000

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.

  1. ^ "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.
  2. ^ "India Paper Money A Retrospect". Republic India Issues. Reserve Bank of India. Archived from the original on 18 January 2012. Retrieved 11 January 2012.