Fri, Dec 28, 2018
RBI’s annual report for FY18 revealed that, there are about 10,016 million of Rs 20 aggregating upto Rs 200 billion.
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Thu, Dec 27, 2018
When demonetisation drive was announced in November 2016, scrapping down old Rs 500 and Rs 1000, the entry of two new high denomination notes namely Rs 500 and Rs 2000 was a clear indication the transformation of entire currency chest. Several factors hinted at this.
Wed, Nov 28, 2018
According to RBI's annual report FY18, it has been revealed that in the fiscal 522,783 pieces of counterfeit notes were detected in the banking system, of which 63.9% were detected by banks other than the central bank.
Wed, Jul 25, 2018
As on July 13, India's currency-in-circulation (CIC) stood at Rs 19.57 lakh crore compared to CIC of Rs 10.55 lakh crore in the beginning of December 2016.
Sun, Jul 22, 2018
The entry of these two new high denomination notes was a clear indication the transformation of entire currency chest.
The similarities between Rs 500 and Rs 2000 notes are clear indication to why RBI had to give makeover to small denomination notes like Rs 10, Rs 50 and now Rs 100.
Fri, Jan 05, 2018
At present, India had small denomination notes of Rs 1, Rs 2, Rs 5, Rs 10, Rs 20, old Rs 50, Rs 100, Rs 200 and high denomination notes of Rs 500 and Rs 2000.
Mon, Dec 18, 2017
Introduction of this new currency and design has been brought in considering various factors like ease of transaction for common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
Mon, Aug 28, 2017
Government had demonetised the Rs 1000 notes last year. The new Rs 1000 notes may be out as early as December 2017.
Thu, Aug 24, 2017
FM Jaitley ruled out all allegation which stated that Rs 2,000 notes will be ban on August 23, 2017. However, Rs 200 and new Rs 50 notes will be out soon in the market.
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