Finance minister Arun Jaitley on Friday March 17 said that there is no plan before the government to withdraw the new Rs 2,000 currency notes.

"There is no proposal to withdraw the Rs.2,000 denomination banknote," Jaitley said in a written reply the Lok Sabha, adding, “Rs.500 and Rs.1,000 notes returned to currency chests of the RBI amounted to Rs.12.44 lakh crore (as on December 10, 2016)”.

“The data obtained in this regard would need to be reconciled with the physical cash balances to eliminate counterfeit notes, accounting errors and possible double counts etc., after which only the final figures will be arrived at,” he said.

March 3, 2017 the currency in circulation was Rs.12 lakh crore. It was Rs.9.921 lakh crore; Jaitley said.

The finance minister said the demonetisation move will help in developing a transparent economy and support the banking sector.Prime Minister Narendra Modi had announced demonetisation of Rs 500 and Rs 1,000 banknotes on November 8.

The limits of withdrawal from savings bank accounts were completely removed from March 13.