Watch store: Rs. 2,700 in Rs. 1,700 notes will be offered to customers for a week

Watch stores will be offering Rs. 500 notes for a fortnight from Thursday.

The offer will be extended to Rs. 1000 notes from Thursday and Rs. 2500 notes from Friday.

The stores will also offer Rs. 5000 notes for Rs. 4,000 till Saturday, while Rs. 10,000 notes will also be available till Saturday.

The Rs. 5,000 and Rs 10,500 notes will remain available till Monday.

The stores will offer Rs 2,500 and Rs 3,000 denominations on Monday, Wednesday and Friday.

This is the first time that Rs. 50 and Rs 2 notes will not be available in the watch stores, said Saurabh Kumar, executive director, Watch India.

The Reserve Bank of India had announced in April last year that Rs 2 and Rs 1 notes would be discontinued from Wednesday.

The Reserve Bank had also said that the Reserve Bank would consider issuing Rs. 25,000 denomination notes on Wednesday, October 31, 2017.

The banks had earlier said that they were considering issuing Rs 500 notes and Rs 1000 notes on Monday.