Tag Archive for 'RBI'

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 […]

All about New Rs. 2000 Banknotes issued by RBI

Reserve Bank of India  Press Releases  Date : Nov 08, 2016  Issue of Rs. 2000 Banknotes The Reserve Bank of India will shortly issue Rs. 2000 denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ […]

Withdrawal of Legal Tender Status for Rs. 500 and Rs. 1000 Notes: RBI Notice (Revised)

Press Releases  Date : Nov 08, 2016 Withdrawal of Legal Tender Status for Rs. 500 and Rs. 1000 Notes: RBI Notice (Revised) Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of Rs. 500 and Rs. 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by […]