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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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Income Tax Department recovers Rs 106 crore cash, 127 kg gold in searches

Income Tax Department recovers Rs 106 crore cash, 127 kg gold in searches

Fri, Dec 09, 2016

"127 kg gold in 1 kg bars and 96 crore in old currency and Rs 10 crore in Rs 2,000 notes has been seized by the sleuths after the operation," top I-T department officials said.

Who knew? Modi's black money move kept a closely guarded secret

Who knew? Modi's black money move kept a closely guarded secret

Fri, Dec 09, 2016

Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India`s financial circles, to spearhead a radical move to abolish 86 % of the country`s cash overnight and take aim at the huge shadow economy.

Demonetisation aftermath: Card swipes grow but sales recovery slow

Demonetisation aftermath: Card swipes grow but sales recovery slow

Wed, Dec 07, 2016

People have resorted to PM Modi’s much advocated ‘cashless’ transactions wherein high amount of payments are being made via credit or debit cards but this is slowing recovery of sales in other segments.

Demonetisation positive? Inflation could fall further, RBI says

Demonetisation positive? Inflation could fall further, RBI says

Wed, Dec 07, 2016

Inflation may come down marginally due to the withdrawal of higher denominations in November.

Cap on cash withdrawal a decision beyond judicial review: High Court

Cap on cash withdrawal a decision beyond judicial review: High Court

Fri, Dec 02, 2016

The judges dismissed the petition on the ground that it was "devoid of merit" as there were "no restrictions" for operating the bank account by "non-cash transactions".

Demonetisation impact: GDP growth may fall to three-year lows

Demonetisation impact: GDP growth may fall to three-year lows

Fri, Dec 02, 2016

Sunil Kumar Sinha, Principal Economist and Director Public Finance of India Ratings said, “Disruption has been caused at various level of economy due to de-legalisation of banknotes of Rs 500 and Rs 1000 denominations. Ind-Ra analysis shows that the economic cost of the de-legalisation will be Rs1.5 lakh crore for FY17.”

Serpentine queues, chaos outside banks on salary day

Serpentine queues, chaos outside banks on salary day

Wed, Nov 30, 2016

Many showed resentment over the same issue and complained their demands were not met by the bankers, who feel that if they go by the RBI upper limit, they will be able to please only some of their customers -- while the queues outside keep getting longer.

IRDAI warns insurers not to accept defunct Rs 500/1000 notes towards premium

IRDAI warns insurers not to accept defunct Rs 500/1000 notes towards premium

Tue, Nov 29, 2016

Irdai warned that insurers that they cannot accept old Rs 500 or Rs 1,000 notes for insurance premium.

Demonetisation: 28% citizens yet to deposit old currency in bank, says Survey

Demonetisation: 28% citizens yet to deposit old currency in bank, says Survey

Tue, Nov 29, 2016

While 28% indicated they were yet to deposit their old currency, approximately 60% indicated that they have already deposited their old currency in the bank.

RBI allows banks to park old currency notes at district chests

RBI allows banks to park old currency notes at district chests

Mon, Nov 28, 2016

To decongest storage facility of banks of old Rs 500 and Rs 1,000 notes, RBI on Sunday allowed lenders to park such currencies at currency chests at the district level in view of mounting deposits due to the demonetisation drive.

RBI taking steps to ease genuine pain of citizens: Urjit Patel

RBI taking steps to ease genuine pain of citizens: Urjit Patel

Sun, Nov 27, 2016

Patel said that according to bankers the situation is getting better and in the metros things are stabilising but the remote locations are still feeling some pain.

Demonetisation to impact Q3,economy will come back to new normal: Sitharaman

Demonetisation to impact Q3,economy will come back to new normal: Sitharaman

Sat, Nov 26, 2016

The demonetisation of Rs 500 and Rs 1,000 notes will have an impact on growth in the current quarter but the economy will gradually come back to the 'new normal', Commerce and Industry Minister Nirmala Sitharaman said.

Foreigners can change forex for Indian currency up to Rs 5,000 till Dec 15: RBI

Foreigners can change forex for Indian currency up to Rs 5,000 till Dec 15: RBI

Sat, Nov 26, 2016

Foreign citizens can exchange foreign currency for Indian notes up to a limit of Rs 5,000 per week till December 15, the Reserve Bank of India (RBI) said on Friday.

Public can continue to withdraw up to Rs 24,000 per week from bank accounts, ATMs: RBI

Public can continue to withdraw up to Rs 24,000 per week from bank accounts, ATMs: RBI

Sat, Nov 26, 2016

Public can continue to withdraw up to Rs 24,000 per week from their bank accounts, including withdrawals from ATM, the Reserve Bank of India (RBI) said on Friday.

Shares of healthcare, power, oil and gas companies least affected by demonetisation

Shares of healthcare, power, oil and gas companies least affected by demonetisation

Fri, Nov 25, 2016

Where BSE Sensex and NSE Nifty were trading over 27,000- and 8,500-mark before the demonetisation announcement, are now hovering around 26,000- and 8,000 levels.

Every person has a right to spend his or her money: PM Modi

Every person has a right to spend his or her money: PM Modi

Fri, Nov 25, 2016

Prime Minister Narendra Modi while speaking at a programme in the run up to the Constitution Day said on Friday that those accusing government of not being prepared for demonetisation were themselves not ready for the move, PTI reported.

Use of old Rs 500 notes for mobile top ups to help users: COAI

Use of old Rs 500 notes for mobile top ups to help users: COAI

Fri, Nov 25, 2016

Cellular operators association of India (COAI) on Thursday said government's decision to allow old Rs 500 notes to be used for pre-paid mobile recharges will address difficulties being faced by consumers, and allow them to continue using mobile services without disruption.

Govt extends exemptions on use of old Rs 500 note till December 15

Govt extends exemptions on use of old Rs 500 note till December 15

Fri, Nov 25, 2016

Facing severe attack in the wake of difficulties thrown up by demonetisation, government from Thursday night extended till December 15 the facility of using old Rs 500 notes in public utilities and included more services like mobile recharge but stopped the over-the-counter exchange of defunct cu

Exchange of old notes over the counter ends today

Exchange of old notes over the counter ends today

Thu, Nov 24, 2016

As per the Ministry, the suspension decision was taken after considering decline in trend.

Modi's demonetisation process becomes nightmare for farmers in short-term

Modi's demonetisation process becomes nightmare for farmers in short-term

Thu, Nov 24, 2016

After conducting a discussion from many agriculture-dealing companies Ambit stated that given this is a relatively lean season as Kharif is behind and rabi is just starting, most companies haven’t yet rolled out any major help to dealers.

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