Important Points to Note :
- The highest denomination note printed by the RBI was the ₹10,000 note in 1938 and in 1954.
- They were demonetised in 1946 and 1978, respectively.
- It costs a little over ₹3 to produce a ₹1,000 note, the lowest in terms printing costs as a proportion of value.
- Printing notes of smaller denominations is relatively more costly.
- As of March 2016, the value of banknotes in circulation was ₹16,41,500 lakh crore, an increase of 14.9 per cent over the previous year.
- In value terms, ₹500 and ₹1,000 notes together accounted for 86.4 per cent of the total value of notes in circulation.