Tag Archive for 'banknotes'

26 FAQs on withdrawal of Rs. 500 & Rs. 1000 Banknotes

1.Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and […]

Issue of Rs. 2000 banknotes with inset letter ‘R’

Press Releases Date : Nov 08, 2016 Issue of Rs. 2000 banknotes with inset letter ‘R’ The Reserve Bank of India will shortly issue Rs. 2000 denomination banknotes in the Mahatma Gandhi (New) Series, with the inset letter ‘R’, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing […]