Tue, May 30, 2023
The Reserve Bank of India (RBI) has released its annual report for the financial year 2022-23. The report shows that the number of fake Rs 500 denomination notes detected increased by 14.4% to 91,110 pieces in FY23. However, the number of fake Rs 2,000 denomination notes detected decreased to 9,806 pieces. Counterfeit notes of Rs 20 and Rs 500 (new design) increased by 8.4% and 14.4%, respectively. While, counterfeit notes of Rs 10, Rs 100, and Rs 2,000 declined by 11.6%.
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Tue, Jan 29, 2019
The soiled notes are those that have become dirty due to usage and may also be torn - sometimes two pieces of these bank notes are pasted together - which means two pieces of belonging to a same note are stuck together to form an entire note.
Mon, Jan 28, 2019
In India, currently makeover of Rs 10, Rs 50, Rs 100 and Rs 500 has been done since notebandi. Meanwhile, the country also saw birth of Rs 200 and Rs 2000 in just two years.
Mon, Jan 07, 2019
As of now, the RBI has only allowed the circulation of Indian currency notes of Rs 100 and less in Nepal and provides exchange facilities for bills of these denomination.
Fri, Jan 04, 2019
Firstly, many blamed demonetisation for being an unplanned procedure. Secondly why bring in Rs 2000 notes, which is higher than the banned Rs 1000 notes if the agenda was to curb black money?
Thu, Jan 04, 2018
The RBI has directed banks to recalibrate ATMs to ensure that more number of Rs 200 denomination notes are dispensed to general public.
Tue, Aug 08, 2017
Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation.
Thu, Jul 27, 2017
It took the RBI eight months to restore currency circulation to pre-demonetisation era. Zeebiz analyses cost to print old Rs 1000 and Rs 500 notes and new notes by the government.
Tue, Jul 18, 2017
The Central government on Monday refused to give another opportunity to exchange demonetised currency notes of Rs 500 and 1,000 to those who couldn`t do it by the deadline of December 30, 2016, say
Tue, Jun 13, 2017
RBI has been issuing banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes.
Tue, Apr 04, 2017
After the introduction of Rs 2000 notes and new Rs 500 notes the Reserve bank of India has now cleared the proposal of Rs 200 notes, a report by Live Mint said on Tuesday.
Sun, Apr 02, 2017
After demonetisation failed to stop counterfeiting of Indian currency, the government now plans to change the security features every 3-4 years.
Tue, Feb 21, 2017
The government will soon announce new notes of Rs 1,000 denomination but the specific dates for its launch is unclear.
Wed, Feb 08, 2017
PM Modi speaks with regards to the demonetisation move which many claimed was aimed at crippling the finances of his politicial opponents.
Fri, Feb 03, 2017
The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, seeks to replace the ordinance on demonetisation promulgated by the government in December 2016.
Thu, Jan 26, 2017
The RBI has not been fothcoming with information about currency situation in the country and its preparedness in the wake of demonetisation citing one exemption or the other.
The Government of India may give a second chance to citizens of the country to deposit old currency notes of Rs 500 and Rs 1,000.
Fri, Jan 20, 2017
RBI Deputy General Manager P. Wilson said in a written submission that the `selling price` is Rs 3,090 per thousand pieces of Rs 500 denomination new currency notes, or Rs 3.09 per note for the current year, 2016-2017.
Thu, Dec 22, 2016
RBI's latest release on banknotes issued to public till December 19, has brought in many questions. Parliament reply is the only place where the government has given a break up of the high denomination notes supplied. The RBI has never given this break up -- and that`s where the problem lies.
Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation.
Mon, Dec 19, 2016
SBI believes that introduction of Rs 500 currency notes in large numbers will fill the much needed vacuum of serving as the medium of exchange in between Rs 100 and Rs 2000 rupee notes.
Sat, Dec 17, 2016
The Reserve Bank of India (RBI) on Friday said it will shortly issue Rs 500 notes in Mahatma Gandhi (New) series with the inset letter E in both the number panels.
Tue, Dec 13, 2016
A PTI report revealed that one of the senior offical named K Micheal of the Reserve Bank of India was also involved in the seizure of Rs 5.70 crore in new currency.
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