RBI withdraws banks' 25% compensation for detecting fake notes

Last Updated: Thursday, August 27, 2015, 22:58

The Reserve Bank on Thursday said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit notes detected.

RBI asks public to refrain from writing on banknotes

Last Updated: Thursday, July 16, 2015, 16:05

Reserve Bank on Thursday asked the public not to write on the watermark window of banknotes as it bears an important security feature which differentiates it from a fake note.

RBI issues Rs 100 notes with new numbering pattern

Last Updated: Thursday, July 9, 2015, 20:40

Reserve Bank of India (RBI) on Thursday said it has issued Rs 100 denomination banknotes in the Mahatma Gandhi Series-2005 with a new numbering pattern.

No plans to introduce Rs 15 currency notes: Government

Last Updated: Friday, May 8, 2015, 16:13

Commercial production from the new lines is expected to commence by the end of 2015.

RBI to issue Rs 10 bank notes with rupee symbol and letter N

Last Updated: Thursday, February 12, 2015, 21:30

Reserve Bank on Thursday said it will soon issue Rs 10 denomination bank notes in the 'Mahatma Gandhi Series-2005', incorporating rupee symbol and inset letter 'N' in the numbering panel.

Don't replace Gandhi with other leaders on banknotes: RBI panel

Last Updated: Friday, December 5, 2014, 15:51

A Reserve Bank panel has decided against the inclusion of any other national leader's image on banknotes saying that no other personality could better represent the ethos of India than Mahatma Gandhi.

Pre-2005 notes valid for commercial transaction till March: RBI

Last Updated: Tuesday, January 28, 2014, 21:21

Reserve Bank on Tuesday said all pre-2005 currency notes can be used for commercial transaction only till March 31 but could be exchanged at banks even after this deadline.

RBI asks public to start exchanging pre-2005 currency notes

Last Updated: Friday, January 24, 2014, 18:02

The Reserve Bank has advised the public to start exchanging pre-2005 notes at banks, saying the volume of such notes that are being withdrawn from circulation is 'not significant.'

Order on notes not an attempt at demonetisation: Rajan

Last Updated: Thursday, January 23, 2014, 18:42

Reserve Bank Governor Raghuram Rajan on Thursday said the order withdrawing all currency notes printed before 2005 was not an attempt at demonetisation or had anything to do with the general elections.

RBI to withdraw all pre-2005 currency notes

Last Updated: Wednesday, January 22, 2014, 19:22

The Reserve Bank on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.