List of Demonetizations of High Value Indian Currency Notes Done From 1946 Till Now

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Indian government has Demonetized bank notes in three instances till now.The reason for doing this was always to curb black money and counterfeit money.

1946 – Rs 10,000/-  and  Rs 1000/-

In January 1946 British Raj government withdraw the high value currency of Rs 10,000 and Rs 1000.

10000-1946

1000-1946

In the year 1954 new notes of Rs 10,000/-, Rs 5000/- and Rs 1,000/- were re-introduced.

1978 – Rs 10,000/- ,Rs 5,000/- and Rs 1,000 

In January  1978 Rs 10,000/-, Rs 5,000/- and Rs 1, 000/- were demonetized.

In November 2000 Rs 1,000/- notes were re- introduced and In October 1987 Rs 500/-notes  (for the First time)  were introduced.

2016 – Rs 1,000/- and Rs 500/-

On 09th November 2016, Rs 1000/- and Rs 500/- notes were demonetized and On 10th November 2016 new Rs 2,000/-(for the First time) and new Rs 500/-notes will be issued.

 

 

 

 

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