The number of pieces of Rs 2,000 denomination notes constituted 2.4 per cent of the total volume of notes at end-March 2020, down from 3 per cent at end-March 2019 and 3.3 per cent at end-March 2018.
'As far as I know, no such instruction has been given to the banks (on stopping issue of Rs 2000 notes),' she said at a meeting with heads of PSU banks.
Some banks have already started recalibration of their ATMs and other banks will also follow suit, sources said.
According to the bank, the 2,000 currency notes left in ATMs after March 1 will be taken out.
Regional manager of SBI, R B Trivedi, said it would be wrong to say that a fake currency note came out of the ATM.
Yoga guru Baba Ramdev today said the government, in future, should reconsider the decision to introduce the Rs 2,000 note.