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RBI Rejected Reports Claiming Mahatma Gandhi's Image On Banknotes Will Be Replaced

On Monday, the Reserve Bank of India (RBI) stated that existing currency and banknotes will not be changed. With this, the RBI has junks media reports that the RNI is considering replacing Mahatma Gandhi's image with that of someone else on ...

RBI Cautions Against Fictitious Offers Of Buying/Selling Of Old Banknotes, Coins

Amid rising incidents of fraudulent activities, the country's central bank Reserve Bank of India (RBI) has cautioned its citizens against any fraudulent/fictitious offers of buying or selling of old banknotes and coins. For the same, the RBI release said ...

Are Rs. 2000 Notes Being Discontinued: Here's The Clarification

Seeing less of Rs. 2000 notes in circulation, but the claim made by one of the report has been busted and PIB Fact Check Twitter handle said "RBI has not stopped Rs 2000 note." And before it the Modi government ...

Sitharaman Says This About Rs. 2000 Currency Notes

With buzz around Rs. 2000 currency notes that its circulation shall be gradually shelved, the finance minister cleared the air and as per the IANS report said at a meeting with PSU bank heads said that "As far as I know, ...

Rs. 2000 Notes To Gradually Phase Out; ATMs Under Recalibration

As per a per a leading business dailies report as many as 240000 ATMs are under the process of recalibration and in the process Rs. 2000 notes are being replaced with Rs. 500 currency notes. Through the move, the highest denomination ...

RBI To Launch Rs. 10 Note Shortly With Shaktikanta Das Signature

On Monday, the Reserve Bank of India said that it will shortly come up with Rs. 10 currency notes bearing RBI governor's signature. All banknotes in the denomination of Rs 10 issued by the Reserve Bank in the past will continue ...

RBI To Come Up With App For Visually Impaired For Currency Identification

The Reserve Bank of India has made a proposal to come up with a mobile app for enabling visually impaired to identify bank notes. Currently, the currency under circulation includes bank notes in the following denomination such as Rs. 1, Rs. ...

Fake Rs. 2000 Currency Note On The Rise: How To Know If Its Fake Or Not?

Not only having fake currency notes amount to you losing value of the money but it may be also taken by the authorities as you being involved in some unscrupulous activity such as promoting black money or engaged in money laundering. ...

New Rs. 100 To Be Printed From April Next Year: RBI

As per a report by a leading news daily, RBI is mulling to print new Rs. 100 notes from April next year. The new redesigned Rs. 100 notes will be printed after Rs. 200 notes are printed by the ...

RBI Stops Printing Rs 2,000 Notes

As per a leading business daily report, the RBI has stopped minting the currency notes of Rs. 2000 and for the current financial year it is unlikely to bring notes of this denomination. Also, as per officials of the apex ...

RBI Defers Release Of Balance Sheet For Week Ended June 30 For First Time

In the history of RBI functioning, never has the apex body, postponed the release of it balance sheet statement for the week ended June 30. It is perhaps the time of the year when RBI closes its accounting year for the ...

New Currency Notes of Rs. 200, Rs. 50 and Rs. 20 In Offing

After the recent demonetization wake which jilted the Indian economy immeasurably, RBI is now set to come with new currency notes in three denominations of Rs. 200, Rs.50 and Rs. 20. The apex body has confirmed the release of new bank ...

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