In order to check counterfeiting of currency notes, the government has planned to change security features of higher denomination banknotes Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards.
In an attempt to end the prevailing scarcity of currency in banks across the nation following the demonetisation drive, the government is importing a high-volume limited tender of currency paper from a clutch of foreign firms, possibly by next week.
The central government today informed the Parliament that it has decided to print plastic currency notes and that the procurement of material required for this purpose has already started.
Enforcement authorities have found that corrupt bank managers are allowing backdoor note exchanges and are charging a commission while at it.
A few years ago, a picture of a Rs 10 note with the words ‘Sonam Gupta bewafa hai’ scribbled on it broke the internet. No sooner had the picture gone viral, everyone wanted to know
Soon after Prime Minister Narendra Modi announced scrapping of Rs 500 and Rs 1000 notes, more than 3 lakh Twitter users stopped following him. According to data available through the analytical service Twitter Counter, PM
Terming the government’s decision to demonetize high-value currency notes as imposition of an "undeclared economic emergency" in the country by Prime Minister Narendra Modi, BSP supremo Mayawati today alleged that the government move was an attempt t
In a bizarre incident, two robbers on a bike allegedly snatched Rs 1,500 from a labourer in Greater Noida on Tuesday night but were miffed when they found that the notes were in denominations of Rs 500.
Banks in the country will remain open for public transactions on Saturday and Sunday, the RBI said today.
Brands like Paytm, freecharge, mobikwik are trying to turn around the ban on Rs 500, Rs 1000 notes in their favour.
Finance Minister Arun Jaitley today said deposits of now-defunct old Rs 500 and Rs 1,000 currency notes in bank accounts will not enjoy immunity from tax and the land of law will apply on source of such money.
In relief to daily commuters, the government today extended the use of old-high denomination currency notes of Rs 500 and 1,000 at metro railway stations till Saturday.
Bankers and industry leaders on Tuesday welcomed the move to demonetise the Rs 500 and Rs 1,000 notes as a bold and revolutionary step.
Congress on Tuesday said it would support government's decision to withdraw from circulation notes of Rs 500 and Rs 1,000 denomination but raised several questions over the sudden move.
Reserve Bank of India (RBI) will release new currency notes of Rs 500 and Rs 2000 with new features, designs and dimensions from 10 November onwards.
Prime Minister Narendra Modi on Tuesday announced that the currency notes of Rs 500 and Rs 1000 will not be considered a legal tender from midnight. Modi said this decision is taken to curb
Mumbai: In an effort to provide better services to customers, the Reserve Bank of India today asked banks to swap up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000
The 1,000-denomination banknotes printed without security thread are defective, but genuine, Parliament was informed today.
The Reserve Bank of India (RBI) publishes an annual report every year.One of the chapters in this Annual Report is on Currency Management. This chapter deals with the trends in demand for banknotes of various
New Delhi: In order to fight the menace of Fake Indian Currency Notes (FICN), the government has approved introduction of seven new security features and the project is likely to be completed by May next
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