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RBI MISSING BANKNOTES
Indian man says he found rare Rs 500 note in old trunk; Reddit users fact-check its authenticityAn Indian man took to Reddit, claiming to have found a rare Rs 500 note from the 1970s in his grandfather’s trunk. However, Reddit users qu...
RBI denies reports of missing banknotes, assures proper accounting and systems in placeRobust systems have been put in place to ensure the reconciliation of banknotes printed at the presses and supplied to the RBI. These syste...
View: With 2000-rupee scrap, India once again makes money a playthingIn November 2016, Prime Minister Narendra Modi shocked the world by outlawing the 500 ($6) and 1,000 rupee bills in which the country held ...
Rs 2000 note withdrawn: What happens if you fail to deposit, exchange it by September 30, 2023?The Reserve Bank of India (RBI) has decided to withdraw Rs 2000 bank note from circulation. The announcement came on May 19, 2023. The cent...
RBI's announcement to withdraw Rs 2,000 currency notes triggers meme fest on TwitterThe RBI has asked all the banks to provide deposit and/or exchange facility for Rs 2,000 banknotes till September 30, 2023.
Soiled Rs 200, Rs 2000 notes stuck in exchange counterThere are about Rs 6.70 lakh crore of Rs 2,000 notes in circulation and the Reserve Bank of India has stopped fresh printing of them
Rs 200 note to end exchange woes, ATMs need to be resetRBI said the new bright yellow coloured bills provide the missing link in the Renard Series among various currency note denominations.
Printing of Rs 200 currency notes begins"For day-to-day transaction purposes, introduction of 200 rupee notes will add to the ease of operations," said Soumya Kanti Ghosh, group c...
Only those abroad from Nov 10-Dec 30 can now exchange scrapped notesWhen depositors turned up at the RBI's offices to exchange some notes that were left behind, they were told there was no grace period.
- RBI aims to develop more efficient, integrated payment system
RBI said its main focus is to provide a modern electronic payments system that is safe, simple and low-cost for use by all.
- Treat currency notes with respect, pleads RBI
Banknotes are subjected to abuse and defacement to such an extent that ensuring supply of good quality notes is one of the biggest headache...