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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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9 steps to tell PM Modi what you think about demonetisation

9 steps to tell PM Modi what you think about demonetisation

Tue, Nov 22, 2016

Prime Minister's Office (PMO), in a statement said, "People can submit their views through a survey consisting of 10 questions, which is available through the Narendra Modi App."

Ready for discussion on demonetisation: Jaitley

Ready for discussion on demonetisation: Jaitley

Tue, Nov 22, 2016

"The whole country welcomed the step taken to curb the black money... We are ready to hold discussion on demonetisation," Jaitley said at a media briefing after the Bharatiya Janata Party`s (BJP) parliamentary body met.

Demonetisation: Finance Ministry allows farmers to buy seeds using old notes

Demonetisation: Finance Ministry allows farmers to buy seeds using old notes

Mon, Nov 21, 2016

The Ministry has ensured that the farmers will be suitably facilitated during the Rabi season.

Demonetisation: Decision-a-day betrays lack of preparedness

Demonetisation: Decision-a-day betrays lack of preparedness

Sat, Nov 19, 2016

Announcing the move on November 8, Prime Minister Narendra Modi said it was a "secret operation" and declared that it was a matter of inconvenience for just a "few days" -- unmindful, perhaps, that India is a country where 78% of transactions happen in cash.

Demonetisation effect: Cash withdrawal at POS to be Rs 2000 across all centres

Demonetisation effect: Cash withdrawal at POS to be Rs 2000 across all centres

Sat, Nov 19, 2016

As an another customer-centric move in the times of demonetisation, the Reserve Bank of India (RBI) has now made the limit for cash withdrawal at point of sale (POS) - for debit cards and open system prepaid cards issued by banks in India, uniform at Rs 2000 per day available at all centres.

Banks to serve only their customers for exchange of notes tomorrow

Banks to serve only their customers for exchange of notes tomorrow

Fri, Nov 18, 2016

However, senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow.

Banks still grapple with huge rush, most ATMs run dry

Banks still grapple with huge rush, most ATMs run dry

Thu, Nov 17, 2016

Queues at some branches in the metros cities were seen slightly shorter for exchange of old currencies as the process of putting indelible ink has started from yesterday. As a result of this, those who have already exchanged old currency notes are unable to interchange again on the same day due to the ink mark.

NBFC shares suffer as Govt goes in demonetisation drive

NBFC shares suffer as Govt goes in demonetisation drive

Wed, Nov 16, 2016

“We believe companies which have lower exposure to the LAP books and low LTVs of around 60-65% would be in a better position to handle the deterioration in property prices. However, the near term demand for real estate is expected to be impacted,” Pandya said.

Demonetisation: Highway toll collection to drop by a third

Demonetisation: Highway toll collection to drop by a third

Wed, Nov 16, 2016

Shubham Jain, Vice-President, ICRA, said, “Most road projects have been operating on a low buffer over DSCR, owing to various factors like low base traffic/ traffic growth, high premium payments and modest toll rate hikes on account of the prevailing low wholesale price inflation over the past few years.

Demonetisation may not harm wholesale inflation

Demonetisation may not harm wholesale inflation

Tue, Nov 15, 2016

Anushka Sawarkar – Associate Economist at Care Ratings said, “In terms of effect of the recent demonetisation, certain sectors could face fall in demand owing to the cash crunch. Demand for food would have limited impact.”

Demonetisation effects: Can higher tax collection lead to improved GDP ratio, fiscal situation?

Demonetisation effects: Can higher tax collection lead to improved GDP ratio, fiscal situation?

Tue, Nov 15, 2016

Finance Minister Arun Jaitley believes that tax collection will increase. He said, "In the medium and long term, direct and indirect tax collection will increase. Lot of currency outside the banking system perforce will have to get into the system."

Fears of ''fake'' new notes: Some quick ways to identify authenticity

Fears of ''fake'' new notes: Some quick ways to identify authenticity

Mon, Nov 14, 2016

While the Rs 2,000 note`s paper is in magenta, the Rs 500 note is in stone gray.

Demonetisation impact: India's manufacturing output may take a hit

Demonetisation impact: India's manufacturing output may take a hit

Mon, Nov 14, 2016

Suvodeep Rakshit, Economist of Kotak Institutional Equities said, “ While a gradual improvement in consumer sector production can be expected on the back of 7 Pay Commission payouts and monsoon-led rural demand, we need to be cautious on the degree of demand slowdown due to the recent demonetisation measures in a significantly high cash economy.”

Demonetisation aftermath: Rs 3 lakh crore collected so far

Demonetisation aftermath: Rs 3 lakh crore collected so far

Mon, Nov 14, 2016

During the first four days - from November 10 – November 13, 2016 till 5 pm, nearly Rs 3 lakh crore of old notes have been deposited in the banking system, Ministry of Finance said.

Demonetisation aftermath: Jan Dhan accounts being used to convert black money

Demonetisation aftermath: Jan Dhan accounts being used to convert black money

Sat, Nov 12, 2016

More than 25 crore accounts created under the Jan Dhan scheme for below the poverty line families are being used to convert black money.

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

ATMs will be re-calibrated with new Rs 500, Rs 2,000 notes within 2 weeks: Arun Jaitley

Sat, Nov 12, 2016

Finance Minister Arun Jaitley said that the total deposits in all banks must be around Rs 2-2.25 lakh crore after the demonetisation task started.

PM Modi warns of more steps on black money, if required

PM Modi warns of more steps on black money, if required

Sat, Nov 12, 2016

In a stern warning to black money hoarders he said that there could be more steps taken to curb black money if needed.

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Demonitisation aftermath: Chaos grows, queues get longer at banks, ATMs on weekend

Sat, Nov 12, 2016

Virually every bank and ATM in India is seen filled with people and long queues snaking as people jostle to exchange or deposit Rs 500 and Rs 1,000 notes that have been demonetised.

Notes Exchange Facility: Here are key things you should know

Notes Exchange Facility: Here are key things you should know

Fri, Nov 11, 2016

If you are heading to ATMs or bank branches for exchange or deposit of your old Rs 500 and Rs 1,000 notes, here are important things that you should know.

Demonetization aftermath: SBI records nearly Rs 40,000 crore cash deposits so far

Demonetization aftermath: SBI records nearly Rs 40,000 crore cash deposits so far

Fri, Nov 11, 2016

Till Thursday, SBI saw cash deposits of Rs 31000 crore out of which Rs 700 crore were exchanged. In its Q2 review meeting held today, the bank said on Friday till now it has received Rs 22,000 crore of cash deposits and out of which Rs 723 crore were exchanged.

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