Diabytes
Bank notes News
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The facility for exchange of the Rs 2000 banknotes is available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices)1 since May 19, 2023.
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Chandrababu Naidu, AP CM and President of TDP (a BJP ally) has urged the centre to withdraw currency denomination of high value --Rs 500 and Rs 2000.
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RBI has said that the design of these notes is similar in all respects to Rs 20 banknotes in Mahatma Gandhi (New) Series.
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RBI has in its latest notification said that by 30 September 2025, 75 percent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette.
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Mahatma Gandhi's portrait did not always not always feature in the Indian bank notes ever since the country gained independence in 1947. Here's the story behind Gandhiji's portrait placement on Indian banknotes.
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Public and private entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30, 2023.
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The selling price for Rs 10 denomination notes was Rs 960 for 1000 pieces.
The cost of one Rs 10 note, therefore, stood at around 96 paise.
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Sharing particulars about import of paper for printing of Rs 500 and Rs 2,000 notes would affect India's sovereignty and may lead to incitement of an offence, a RBI-owned bank note printing company has said.
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The Reserve Bank will soon put into circulation new Rs 100 bank notes which will be similar to the design of the ones in Mahatma Gandhi Series-2005.
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The Reserve Bank on Wednesday said banks have issued currency worth over Rs 5.92 lakh crore to the public since the demonetisation of old high value notes last month.
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As a part of anti black money crackdown operations in the city, income tax department officials have recovered Rs 66 lakh in cash, all in new Rs 2000 notes.
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CBI has arrested two employees of cash department of Reserve Bank of India in Bengaluru in connection with alleged conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100.
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Hinting that not all of the Rs 15.44 lakh crore worth of currency scrapped will be remonetised, Finance Minister Arun Jaitley said that the digital currency will fill the gap.
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Desperate Venezuelans looted delivery trucks and clashed with police Friday as a botched plan to introduce new banknotes left people without cash -- the latest shortage in a spiraling economic crisis.
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There is no official estimation of black money either before or after November 8 -- the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said Friday.
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Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.
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Based on a tip off, a joint team of Income Tax and the Delhi Crime Branch raided a hotel in Karol Bagh area and seized Rs 3.25 crore in old notes from five persons.
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Plastic currency notes will soon become a reality in India. The Parliament was informed on Friday that procurement process for required material has already begun.
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Taking note of foreign missions in India facing difficulties in withdrawing adequate money post demonetisation, the Finance Ministry has been asked to direct banks to allow diplomats to withdraw money on a priority basis.
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Hindu organisations in England have asked the Bank of England to quickly withdraw the new 5-pound note from circulation in the economy since it is made out of animal fat.
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