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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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Demonetisation impact: Car, bike sales to feel the heat

Demonetisation impact: Car, bike sales to feel the heat

Fri, Nov 11, 2016

Automobile sales could be impacted in the coming month as sales in many rural parts of India was done earlier using cash transactions.

Banknotes ban effect: Transactions via RuPay cards nearly doubled

Banknotes ban effect: Transactions via RuPay cards nearly doubled

Fri, Nov 11, 2016

National Payments Corporation of India (NPCI) on Friday said “RuPay usage on Point Of Sale (PoS) / e-Commerce was around 8 lakh transactions a day compared with a daily average of 4 lakh transactions earlier. The value of transactions almost doubled.”

Nepal's banking system holds banned Indian currency notes

Nepal's banking system holds banned Indian currency notes

Fri, Nov 11, 2016

Nepal`s banking system has held banned Indian currency (IC) Rs 500 and Rs 1,000 notes worth Rs 35 million ($524,737).

Cash management agencies hope to normalise ATMs operations in 2 weeks

Cash management agencies hope to normalise ATMs operations in 2 weeks

Fri, Nov 11, 2016

Cash management agencies that move billions of rupees in and out of over 2.2 lakh ATMs across the country have started a major exercise that may see Rs 40,000 crore worth of notes being shifted around and hope to normalise operations for the public in two weeks.

Now, you can pay water, electricity bills using old Rs 500, Rs 1,000 notes

Now, you can pay water, electricity bills using old Rs 500, Rs 1,000 notes

Thu, Nov 10, 2016

The old notes can be used for making payment of utility services such as water, electricity, taxes, charges, penalties to central and state governments.

Not mobile wallets, cash will still be king in India

Not mobile wallets, cash will still be king in India

Thu, Nov 10, 2016

While mobile wallets came out immediately with figures of how much people have increased using their services after PM Modi's announced, the fundamental question still remains whether people will revert to buying using cash once they have exchanged their currency.

Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Thu, Nov 10, 2016

Further dangling the stick, government on Wednesday warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200% penalty in case of income mismatch.

Currency demonetisation: Housing prices may see correction, says Knight Frank

Currency demonetisation: Housing prices may see correction, says Knight Frank

Wed, Nov 09, 2016

In a move to curb black money, Prime Minister Narendra Modi's on Tuesday said that Rs 500 and Rs 1000 currency notes will cease to be legal tender. India's real estate sector, the biggest generator of black money, is already feeling the pinch.

Elimination of high-denomination notes is a good thing; here's why

Elimination of high-denomination notes is a good thing; here's why

Wed, Nov 09, 2016

Kotak Institutional Equities said, “We see the government’s move as a positive for the economy in the medium term. The latest step appears to be the final one in the government’s systematic approach to remove black money from the economy.”

New Rs 500, Rs 2000 notes: Here are the new features

New Rs 500, Rs 2000 notes: Here are the new features

Tue, Nov 08, 2016

Patel said that RBI was concerned about growing menace of fake Indian currency notes which has been increasing in numbers.

Rs 500, Rs 1000 notes expiry: Will domestic stock market bleed in tomorrow's trade?

Rs 500, Rs 1000 notes expiry: Will domestic stock market bleed in tomorrow's trade?

Tue, Nov 08, 2016

Bhattacharya also mentioned that the SBI will work round-the-clock to meet the demand.

9 steps you must take to exchange your old Rs 500, Rs 1,000 notes

9 steps you must take to exchange your old Rs 500, Rs 1,000 notes

Tue, Nov 08, 2016

For those who are worried what will happen their money, the government has given guidelines on how they can convert this money and not suffer any financial losses.

10 things PM Modi said apart from demonetising Rs 500, Rs 1000 notes

10 things PM Modi said apart from demonetising Rs 500, Rs 1000 notes

Tue, Nov 08, 2016

Rs 1000 and Rs 500 notes can be used in hospitals for 72 hours.

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