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Rs 500 notes

RBI Annual Report: More fake Rs 500 notes in circulation than Rs 2,000

RBI Annual Report: More fake Rs 500 notes in circulation than Rs 2,000

Tue, May 30, 2023

The Reserve Bank of India (RBI) has released its annual report for the financial year 2022-23. The report shows that the number of fake Rs 500 denomination notes detected increased by 14.4% to 91,110 pieces in FY23. However, the number of fake Rs 2,000 denomination notes detected decreased to 9,806 pieces. Counterfeit notes of Rs 20 and Rs 500 (new design) increased by 8.4% and 14.4%, respectively. While, counterfeit notes of Rs 10, Rs 100, and Rs 2,000 declined by 11.6%.

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.

Beware! Is your new Rs 10, Rs 50, Rs 100, Rs 200, Rs 500, Rs 2000 currency note fake? Here are 9 ways to spot it

Beware! Is your new Rs 10, Rs 50, Rs 100, Rs 200, Rs 500, Rs 2000 currency note fake? Here are 9 ways to spot it

Mon, Jan 28, 2019

In India, currently makeover of Rs 10, Rs 50, Rs 100 and Rs 500 has been done since notebandi. Meanwhile, the country also saw birth of Rs 200 and Rs 2000 in just two years.

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Nepal's plea to RBI: Make Rs 200, Rs 500, Rs 2000 currency notes legal in country

Nepal's plea to RBI: Make Rs 200, Rs 500, Rs 2000 currency notes legal in country

Mon, Jan 07, 2019

As of now, the RBI has only allowed the circulation of Indian currency notes of Rs 100 and less in Nepal and provides exchange facilities for bills of these denomination.

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?

You may soon be able to withdraw Rs 200 notes from ATMs

You may soon be able to withdraw Rs 200 notes from ATMs

Thu, Jan 04, 2018

The RBI has directed banks to recalibrate ATMs to ensure that more number of Rs 200 denomination notes are dispensed to general public.

Govt seizes Rs 2.55 crore in fake notes post demonetisation; more than half from Gujarat

Govt seizes Rs 2.55 crore in fake notes post demonetisation; more than half from Gujarat

Tue, Aug 08, 2017

Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation.

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.

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.

Rs 2000, Rs 500 now Rs 200 notes? Sources say RBI clears proposal

Rs 2000, Rs 500 now Rs 200 notes? Sources say RBI clears proposal

Tue, Apr 04, 2017

After the introduction of Rs 2000 notes and new Rs 500 notes the Reserve bank of India has now cleared the proposal of Rs 200 notes, a report by Live Mint said on Tuesday.

After demonetisation fails to stop fake notes, govt plans change in security features

After demonetisation fails to stop fake notes, govt plans change in security features

Sun, Apr 02, 2017

After demonetisation failed to stop counterfeiting of Indian currency, the government now plans to change the security features every 3-4 years.

New Rs 1000 notes are coming; launch date unclear

New Rs 1000 notes are coming; launch date unclear

Tue, Feb 21, 2017

The government will soon announce new notes of Rs 1,000 denomination but the specific dates for its launch is unclear.

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.

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.

RBI's latest figures: The math still doesn't add up

RBI's latest figures: The math still doesn't add up

Thu, Dec 22, 2016

RBI's latest release on banknotes issued to public till December 19, has brought in many questions. Parliament reply is the only place where the government has given a break up of the high denomination notes supplied. The RBI has never given this break up -- and that`s where the problem lies.

Demonetisation: RBI's rules and roll-backs since November 8

Demonetisation: RBI's rules and roll-backs since November 8

Thu, Dec 22, 2016

Prime Minister Narendra Modi shocked the country on Nov. 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.

Demonetisation: Can normalcy return in the next two months?

Demonetisation: Can normalcy return in the next two months?

Mon, Dec 19, 2016

SBI believes that introduction of Rs 500 currency notes in large numbers will fill the much needed vacuum of serving as the medium of exchange in between Rs 100 and Rs 2000 rupee notes.

RBI to shortly issue Rs 500 notes in new series

RBI to shortly issue Rs 500 notes in new series

Sat, Dec 17, 2016

The Reserve Bank of India (RBI) on Friday said it will shortly issue Rs 500 notes in Mahatma Gandhi (New) series with the inset letter E in both the number panels. The notes will have Swachh Bharat logo printed on the reverse of the banknote.

RBI's senior official arrested for illegal exchange of new currency

RBI's senior official arrested for illegal exchange of new currency

Tue, Dec 13, 2016

A PTI report revealed that one of the senior offical named K Micheal of the Reserve Bank of India was also involved in the seizure of Rs 5.70 crore in new currency.

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