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Rs 1000 notes

Surprise! Forget Rs 2,000 notes, Rs 1,000 notes still in India's currency chest; So, what's really cooking? Find out

Surprise! Forget Rs 2,000 notes, Rs 1,000 notes still in India's currency chest; So, what's really cooking? Find out

Fri, Jan 04, 2019

Firstly, many blamed demonetisation for being an unplanned procedure. Secondly why bring in Rs 2000 notes, which is higher than the banned Rs 1000 notes if the agenda was to curb black money?

No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

Mon, Sep 11, 2017

Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have been scrapped)", the RBI clarified later this evening.

How demonetisation dented the RBI

How demonetisation dented the RBI

Tue, Sep 05, 2017

On November 08, 2016, PM Narendra Modi announced the demonetisation of high denomination notes old Rs 500 and Rs 1000 to tackle black money and terror financing.

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New Rs 1000 currency report false, Finance Ministry clarifies

New Rs 1000 currency report false, Finance Ministry clarifies

Tue, Aug 29, 2017

Rumours that new Rs 1000 notes will be making a comeback by December have now been deemed false by the Finance Ministry of India on Tuesday.

New Rs 1000 notes may be back in circulation by December

New Rs 1000 notes may be back in circulation by December

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.

RBI introduces new Rs 50 banknote; here’s what they look like

RBI introduces new Rs 50 banknote; here’s what they look like

Fri, Aug 18, 2017

Central bank confirms it will be rolling out new Rs 50 notes.

Beware! These pictures of fake Rs 1000 notes, coins are doing rounds on WhatsApp

Beware! These pictures of fake Rs 1000 notes, coins are doing rounds on WhatsApp

Mon, Aug 14, 2017

Pictures of fake Indian currencies are doing rounds on social media. Beware.

Here’s how much it cost the government to make Rs 2000 notes

Here’s how much it cost the government to make Rs 2000 notes

Thu, Jul 27, 2017

It took the RBI eight months to restore currency circulation to pre-demonetisation era. Zeebiz analyses cost to print old Rs 1000 and Rs 500 notes and new notes by the government.

No more chances to deposit demonetised notes, Govt tells Supreme Court

No more chances to deposit demonetised notes, Govt tells Supreme Court

Tue, Jul 18, 2017

The Central government on Monday refused to give another opportunity to exchange demonetised currency notes of Rs 500 and 1,000 to those who couldn`t do it by the deadline of December 30, 2016, saying this would defeat the very objective of eliminating black money.

All cash withdrawal limits go back to pre-demonetisation era

All cash withdrawal limits go back to pre-demonetisation era

Mon, Mar 13, 2017

In a two-stage process, the weekly withdrawal limit per account had been raised to Rs 50,000, from Rs 24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.

No plans to introduce Rs 1000 notes, confirms Shaktikanta Das

No plans to introduce Rs 1000 notes, confirms Shaktikanta Das

Wed, Feb 22, 2017

To replace the old notes of Rs 500 and Rs 1,000 during demonetisation, the RBI had issued new notes of Rs 500 and Rs 2,000.

Demonetisation unnecessarily demonised: Aditya Puri

Demonetisation unnecessarily demonised: Aditya Puri

Sat, Feb 18, 2017

"He (Prime Minister Modi) has created transparency and traceability. He has changed the mindset (in such a way that) everybody is going to think twice about going back to their old ways and from what I understand, the conversion to digital has occurred at a pace much faster," Mahindra said at the annual NILF here.

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.

War on black money not a political fight, says PM Modi

War on black money not a political fight, says PM Modi

Wed, Feb 08, 2017

PM Modi speaks with regards to the demonetisation move which many claimed was aimed at crippling the finances of his politicial opponents.

Arun Jaitley introduces demonetisation bill in Lok sabha

Arun Jaitley introduces demonetisation bill in Lok sabha

Fri, Feb 03, 2017

The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, seeks to replace the ordinance on demonetisation promulgated by the government in December 2016.

Cannot disclose preparedness to handle demonetisation crisis: RBI

Cannot disclose preparedness to handle demonetisation crisis: RBI

Thu, Jan 26, 2017

The RBI has not been fothcoming with information about currency situation in the country and its preparedness in the wake of demonetisation citing one exemption or the other.

Demonetisation: Government may offer second chance to deposit old notes of Rs 500 & Rs 1,000

Demonetisation: Government may offer second chance to deposit old notes of Rs 500 & Rs 1,000

Thu, Jan 26, 2017

The Government of India may give a second chance to citizens of the country to deposit old currency notes of Rs 500 and Rs 1,000.

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".

Government spends Rs 3.09 per Rs 500 currency note: RTI

Government spends Rs 3.09 per Rs 500 currency note: RTI

Fri, Jan 20, 2017

RBI Deputy General Manager P. Wilson said in a written submission that the `selling price` is Rs 3,090 per thousand pieces of Rs 500 denomination new currency notes, or Rs 3.09 per note for the current year, 2016-2017.

Cash deposit deadline extended for those outside country

Cash deposit deadline extended for those outside country

Sat, Jan 07, 2017

This facility will be available for those who are not residents of India till June 30 "in order to allow them adequate time to plan a visit as per their convenience", it said.

97% of demonetised notes are back? RBI says don't know yet

97% of demonetised notes are back? RBI says don't know yet

Thu, Jan 05, 2017

RBI said, "We would like to clarify that the periodical Specified Bank Notes (SBN) figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country. Now that the Scheme has come to an end on December 30, 2016, these figures would need to be reconciled with the physical cash balances to eliminate accounting errors/ possible double counts etc."

Demonetisation: Last day for depositing scrapped notes in banks

Demonetisation: Last day for depositing scrapped notes in banks

Fri, Dec 30, 2016

After March deadline, people still holding the demonetised amount will face penalty, as per an ordinance passed by Union Cabinet earlier this week.

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