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Bank notes News

Reserve Bank of India

01 Apr 2024

97.69 Pc Of Rs 2000 Currency Notes Returned: RBI

Public and private entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30, 2023.

Reserve Bank of India

22 Jun 2022

How much it costs RBI to print Rs 10, Rs 100, Rs 500 notes? Check here

The selling price for Rs 10 denomination notes was Rs 960 for 1000 pieces. The cost of one Rs 10 note, therefore, stood at around 96 paise.

14 May 2017

'Sharing details of paper import for Rs 500, 2000 notes to affect India's sovereignty'

Sharing particulars about import of paper for printing of Rs 500 and Rs 2,000 notes would affect India's sovereignty and may lead to incitement of an offence, a RBI-owned bank note printing company has said.

03 Feb 2017

RBI to issue new Rs 100 bank notes soon, old notes to remain valid

The Reserve Bank will soon put into circulation new Rs 100 bank notes which will be similar to the design of the ones in Mahatma Gandhi Series-2005.

21 Dec 2016

Currency worth Rs 5.92 lakh crore issued since demonetisation

The Reserve Bank on Wednesday said banks have issued currency worth over Rs 5.92 lakh crore to the public since the demonetisation of old high value notes last month.

18 Dec 2016

I-T dept recovers Rs 66 lakh cash in new notes in Hyderabad

As a part of anti black money crackdown operations in the city, income tax department officials have recovered Rs 66 lakh in cash, all in new Rs 2000 notes.

#DeMonetisation

17 Dec 2016

Demonetisation: CBI arrests two RBI officials in currency conversion case

CBI has arrested two employees of cash department of Reserve Bank of India in Bengaluru in connection with alleged conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100.

17 Dec 2016

Arun Jaitley hints not all of Rs 15.44 lakh crore worth of currency junked will be remonetised

Hinting that not all of the Rs 15.44 lakh crore worth of currency scrapped will be remonetised, Finance Minister Arun Jaitley said that the digital currency will fill the gap.

17 Dec 2016

Demonetisation: Venezuela cash crisis leads to loot, protests

Desperate Venezuelans looted delivery trucks and clashed with police Friday as a botched plan to introduce new banknotes left people without cash -- the latest shortage in a spiraling economic crisis.

16 Dec 2016

No official estimation of black money either before or after Nov 8: FM Jaitley

There is no official estimation of black money either before or after November 8 -- the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said Friday.

15 Dec 2016

Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report

Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.

14 Dec 2016

Police raids Delhi hotel, seizes Rs 3.25 crore in old notes

Based on a tip off, a joint team of Income Tax and the Delhi Crime Branch raided a hotel in Karol Bagh area and seized Rs 3.25 crore in old notes from five persons.

09 Dec 2016

Soon, plastic currency notes will be a reality in India

Plastic currency notes will soon become a reality in India. The Parliament was informed on Friday that procurement process for required material has already begun.

08 Dec 2016

Demonetisation: Govt asks FinMin to direct banks allowing diplomats money withdrawal on priority basis

Taking note of foreign missions in India facing difficulties in withdrawing adequate money post demonetisation, the Finance Ministry has been asked to direct banks to allow diplomats to withdraw money on a priority basis.

Hindu organizations

04 Dec 2016

Hindu Groups in UK call on Bank of England to withdraw 'non-veg' 5-pound note

Hindu organisations in England have asked the Bank of England to quickly withdraw the new 5-pound note from circulation in the economy since it is made out of animal fat.

28 Nov 2016

Govt launched new scheme for the declaration of black money

24 Nov 2016

Demonetisation: Govt extends use of old Rs 500 notes till December 15, stops over-the-counter exchange

Government has extended the facility of using old Rs 500 notes in public utilities and certain other services like pre-paid mobile top-up till December 15 and stopped the over-the-counter exchange of defunct currencies and use of Rs 1,000 notes.

Nepal Rastra Bank

24 Nov 2016

Demonetisation: Nepal bans new Indian Rs 500 and Rs 2,000 notes

Terming them "unauthorised and illegal", Nepal Rastra Bank on Thursday banned the usage of India's new currency notes of Rs 500 and Rs 2,000 denomination.

24 Nov 2016

Date for usage of old Rs 500 notes extended: Know where you can use them!

Government has extended date of usage of old notes for payment in public utilities till December 15.

24 Nov 2016

Arun Jaitley asks banks to promote digital banking in 'mission mode'

Finance Minister Arun Jaitley on Thursday asked banks to promote digital banking in "mission mode", saying the principal objective of the government's reform is to curtail the use of physical currency.

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