The RBI reported that 97.82% of Rs 2000 banknotes have returned, with only Rs 7,755 crore still with the public. Withdrawal was announced on May 19, 2023, with significant reduction in circulation since.
RBI business news: Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by Sept 30, 2023. The deadline was later extended to Oct 7, 2023. Deposit and exchange services at bank branches were discontinued on Oct 7.
Kazma wanted people to crack a hidden code in his film 'Onemanshow: The Movie' and the winner would have received the prize money. After viewers failed to crack it, the Czech influencer came up with an alternative plan and decided to share the money through this unusual way.
Petitioner Rajneesh Bhaskar Gupta has contended that the Reserve Bank of India (RBI) has no power to withdraw Rs 2,000 currency notes from circulation and only the Centre could have taken a decision in this regard.
Queen Elizabeth II's portrait also has been issued on several other currencies around the world, as a reminder of the British empire’s colonial reach. It will take time for the United Kingdom, Canada, Australia, New Zealand, and other countries to swap out the monarchs on their money.
There were reports earlier that the Reserve Bank is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others.
This advisory comes in the wake of RBI coming across certain elements fraudulently using its name or logo and seeking charges or commission or tax from the public.
While the fear of getting Covid infection from banknotes and coins has driven much more contactless payments during the pandemic, researchers say the risk is far too less
After Saudi Arabia released new 20 Riyal banknote, India has now asked the country to take corrective steps on the misrepresentation of its territorial boundaries on the new notes.
Reserve Bank of India Monday said it will issue Rs 10 denomination banknotes bearing signature of Governor Shaktikanta Das.
Intaglio printing based identification marks for helping the visually challenged in identification of denomination of banknotes are present in notes of Rs 100 and above.
The RBI will begin printing the new Rs 100 note in April, a media report citing people in the know said.
Mumbai: The Reserve Bank of India (RBI) will shortly issue banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan.According to a statement released by the RBI Tuesday,
New Delhi: The Reserve Bank of India has decided to withdraw all banknotes issued prior to 2005 with effect from April this year. A press release said, the Reserve Bank of India has today (Wednesday)
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