What is the maximum number of characters that can be used in the template.Does it include spaces?

Client needs to provide more than 1000 characters in a template.The template created is approved but when we tried to blast it is failing and prompts error message as 1430-template text too long.
We need to understand how many characters can be used and does it includes spaces, new line as well?

Hi Hariprasath,

The Character Count in the body is 1024.

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Does it include spaces and new lines?