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Nearly 98% of Rs 2000 banknotes returned; Rs 6,970 crore worth notes still with public

Nearly 98% of Rs 2000 banknotes returned; Rs 6,970 crore worth notes still with public

Mon, Nov 04, 2024

The Reserve Bank of India (RBI) on Monday said 98.04 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,970 crore worth such notes are still with the public.

RBI reports over 97% return of Rs 2,000 banknotes

RBI reports over 97% return of Rs 2,000 banknotes

Fri, Dec 01, 2023

The central bank is not only facilitating in-person exchanges but is also accepting Rs 2,000 banknotes for deposit into bank accounts.

Have imperfect banknotes? Know how much value would one get in exchange

Have imperfect banknotes? Know how much value would one get in exchange

Thu, Nov 11, 2021

According to the RBI, the value of an imperfect note may be paid for full value/half value under rules as specified in Part III of Reserve Bank of India (Note Refund) Rules, 2009 [As amended by Reserve Bank of India (Note Refund) Amendment Rules, 2018].

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Indian Currency: Security features of banknotes in circulation- Security thread, colour shifting ink, angular bleed lines and others- Details here

Indian Currency: Security features of banknotes in circulation- Security thread, colour shifting ink, angular bleed lines and others- Details here

Wed, Sep 01, 2021

The Indian currency that is Rupee is available in two forms bank notes and coins. Some of the security features in banknotes, according to the Reserve Bank of India (RBI) include security thread, intaglio printing, see through register, among others.

Have these Rs 200, Rs 500, Rs 2000, other notes? Do this with your torn currency notes! Beware, your claim can be rejected too

Have these Rs 200, Rs 500, Rs 2000, other notes? Do this with your torn currency notes! Beware, your claim can be rejected too

Tue, Jan 29, 2019

The soiled notes are those that have become dirty due to usage and may also be torn - sometimes two pieces of these bank notes are pasted together - which means two pieces of belonging to a same note are stuck together to form an entire note.

Good news for govt! Makeover for Rs 100, Rs 200, Rs 500, Rs 2,000 notes will help RBI in getting more dividend

Good news for govt! Makeover for Rs 100, Rs 200, Rs 500, Rs 2,000 notes will help RBI in getting more dividend

Wed, Nov 21, 2018

While this is good news in terms of citizens perspective, interestingly, if varnished notes come in the picture even RBI and government are bound to benefit from it as well.

Indians back to hoarding cash; all you want to know

Indians back to hoarding cash; all you want to know

Thu, Apr 26, 2018

Currency withdrawals in the January-March quarter stood at 1.4 trillion rupees, about 27 percent more than in same quarter of 2016. Overall, the currency in circulation stood at 18.9 trillion rupees as of April 20, 18.9 percent up since the beginning of last October when withdrawals began to gather pace.

New Rs 100 coin coming soon; All you need to know

New Rs 100 coin coming soon; All you need to know

Tue, Sep 12, 2017

Rs 100 coins will be launched in two format first one baring the mark of Dr. M. S. Subbulakshmi and the second one barring of Dr. M.G. Ramachandran Birth Centenary.

RBI to issue Rs 200 note from tomorrow; Here's how it looks, features

RBI to issue Rs 200 note from tomorrow; Here's how it looks, features

Thu, Aug 24, 2017

The Rs 200 notes is the only missing currency in lower end of denomination series as per RBI - which is why it will issue this banknotes from August 25, 2017.

WATCH: What's new in RBI's new series of Rs 500 notes

WATCH: What's new in RBI's new series of Rs 500 notes

Tue, Jun 13, 2017

RBI has been issuing banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes.

Demonetisation 'biggest scam of 2016': Chidambaram

Demonetisation 'biggest scam of 2016': Chidambaram

Sun, Feb 12, 2017

"I am sorry to make the prediction that 2016-17 will end with growth (rate) between 6 and 6.5 per cent, a good one per cent down from the earlier estimate and that means a hit of Rs 1.5 lakh crore on GDP. The GDP this year is Rs 150 lakh crore, so one per cent hit is Rs 1.5 lakh crore," Chidambaram said at a function here today.

RBI to declare ''verified'' figure on post-demonetisation deposits

RBI to declare ''verified'' figure on post-demonetisation deposits

Sat, Feb 11, 2017

"There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense," Patel added when asked about the estimated amount of old currency notes that have come back.

Budget 2017: Govt to borrow more than originally planned

Budget 2017: Govt to borrow more than originally planned

Thu, Jan 26, 2017

That is raising concern among some economists and investors that the government will take too many fiscal risks.

Govt pressed ahead with demonetisation despite concerns, RBI tells parliament

Govt pressed ahead with demonetisation despite concerns, RBI tells parliament

Fri, Jan 20, 2017

The central bank in a writtenn testimony to the parliament said that they had warned the government of the "possible inconvenience to the public for some time".

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Wed, Dec 21, 2016

In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public, a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion pieces belonged to small denominations of ₹ 10, 20, 50 and 100s and 2.2 billion belonged to higher denominations of ₹ 2000 and ₹ 500.

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Sun, Dec 11, 2016

The government is likely to amend the Reserve Bank of India (RBI) Act to extinguish the validity of Rs 500 and Rs 1,000 notes printed before November 9 and a reference to this effect would be made in the upcoming Budget 2017-18.

Rs 11.85 crore back but RBI has supplied only Rs 3.81 lakh crore worth of currency

Rs 11.85 crore back but RBI has supplied only Rs 3.81 lakh crore worth of currency

Wed, Dec 07, 2016

Gandhi said, "The motivations for the demonetisation decision are to deal with the problem of high quality counterfeit notes in these denominations and unearth black money that may be held in cash."

Demonetisation: A timeline of flip-flops since November 8

Demonetisation: A timeline of flip-flops since November 8

Mon, Nov 28, 2016

Prime Minister Narendra Modi shocked the country on November 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.

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