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RBI Extends Deadline For Exchange Of Rs 2,000 Currency Notes To October 7

The Reserve Bank of India (RBI) announced today that the deadline to exchange notes of Rs 2,000 has been extended to October 7. According to the RBI, the 2,000 note will still be valid even after the exchange deadline has passed. ...

93% Of Rs 2,000 Currency Notes Back With Banks, Says RBI

Reserve Bank of India (RBI), on Friday, September 1, said that Rs 3.32 lakh Crore worth of Rs 2,000 currency notes, or 93% of the currency notes in circulation, have been returned to the banking system. The removal of Rs 2,000 ...

Why RBI is Not Issuing Fresh Rs. 2000 Notes?

The current biggest denomination currency in India is the Rs 2000 notes. The Reserve Bank of India (RBI) has announced that no new Rs 2000 notes will be issued in the Financial Year 2021-22. The printing of Rs 2000 notes has ...

RBI To Issue Fluorescent Blue Rs 50 Banknotes

The Reserve Bank of India (RBI) will soon introduce new fluorescent blue Rs 50 banknotes bearing the motif of ‘Hampi with Chariot' that depicts India's cultural heritage. RBI said it would shortly issue these Rs 50 denomination banknotes in the Mahatma ...

New Rs 20 Notes Coming To Your Wallet: All You Need To Know

The Reserve Bank will shortly issue bank notes of denomination Rs 20 in Mahatma Gandhi series 2005. The new notes will be similar in design to those currently in circulation. The new notes will be bearing inset letter 'S' in the ...

Rs 200 Notes Is On The Way

The Reserve Bank is expected to introduce Rs 200 notes in the coming months to ease pressure on lower-denomination currencies that are in short supply. The new notes of Rs 200 should be out before the end of 2017 and will ...

Rs 200 Currency Notes Printing Begins

The Reserve Bank of India (RBI) has started with the printing of Rs 200 currency notes according to reports. It is for the first time the RBI is printing Rs 200 notes. It is believed that the remonetization process will come ...

New Rs 1 Notes Are Coming: All You Need To Know

The Reserve Bank of India will soon circulate one rupee notes in the country. The existing notes and coins will also continue to be legal tender. The new Rs 1 printed by the government will be of pink-green in colour with ...

New Rs 200 Notes Coming: Reports

RBI is planning to introduce Rs 200 notes, says reports. The Reserve Bank of India has approved a proposal to add Rs 200 notes in the country. According to the reports, the central bank had already taken a decision in this ...

Doesn't Know Exact Number Of Scrapped Notes: RBI

More than 72 days after demonetization, the Reserve Bank of India (RBI) has said it still does not know the "exact number" of junked currency notes that were in circulation and it is still "reconciling" the number of notes that were ...

RBI May Have Received Rs 15 lakh Crore Deposits Of Old Notes

The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetization exercise that ended on December 30. ...

Penalty For Holding Old Notes After December 30

The government is understood to be mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond December 30 when the deadline to deposit them in banks expires. There was no official word on ...

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