Rs 500 notes most in demand, Rs 1,000 at second place

Last Updated: Friday, September 11, 2015, 18:17

Of all bank notes in circulation, Rs 500 denomination bills accounted for 46 percent, while thousand-rupee notes were close behind at 39.3 percent as on March 2015.

Rs 1,000 note to have new numbering system to check counterfeiting

Last Updated: Sunday, September 6, 2015, 19:17

A new numbering system and seven new security features will be incorporated in all currency notes, especially in high denomination Rs 1,000 and Rs 500 notes, in order to check the menace of Fake Indian Currency Notes (FICN).

Finance Ministry knocks down PM Modi's idea of Rs 25 currency notes

Last Updated: Wednesday, September 2, 2015, 13:20

To overcome usual shortage of coins, Union government should have coins only in denominations of rupees one and five with gradual introduction of coins of rupees ten to ultimately replace notes of this denomination.

New Rs 1,000 notes with more security features on anvil

Last Updated: Wednesday, September 2, 2015, 09:55

The notes would come with the rupee symbol and inset letter 'L' with numerals in ascending size in number panels.

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The Reserve Bank on Thursday said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit notes detected.

Fight against black money: Sebi to discuss P-Notes issue

Last Updated: Sunday, August 23, 2015, 14:56

The Special Investigation Team on Black Money had suggested that Sebi needs to further strengthen its monitoring mechanism to detect instances of the stock market platform being misused for tax evasion.

No intention of banning P-Notes overnight: Rev Secy

Last Updated: Thursday, August 20, 2015, 19:30

Clearing the air on P-Notes, Revenue Secretary Shaktikanta Das Thursday said the government has no intention of banning these financial instruments overnight and it is examining how to improve the disclosures.

China calls for ATM upgrade to handle new currency notes

Last Updated: Wednesday, August 12, 2015, 17:59

The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.

When Mumbaikars fished Rs 1,000 currency notes out of Gateway waters

Last Updated: Wednesday, August 12, 2015, 15:25

Rs 1,000 denomination currency notes were noticed floating in the water near Gateway of India.

SEBI says ready to revisit P-Notes on SIT suggestions

Last Updated: Thursday, August 6, 2015, 21:52

Market regulator SEBI Thursday said it will look into the suggestions of the Special Investigation Team (SIT) on black money to ensure sufficient checks are in place with respect to overseas investments via P-Notes route.

Fake currency with Rs 136.43 cr face value seized in 3 years

Last Updated: Tuesday, August 4, 2015, 17:04

More than 27.31 lakh pieces of Fake Indian Currency Notes (FICN), with face value of Rs 136.43 crore, were seized in three years through 2014, Parliament was informed Tuesday.

Sebi gets 100 alerts a day; strong surveillance in place: Sinha

Last Updated: Wednesday, July 29, 2015, 19:42

Amid concerns over misuse of stock markets for laundering of black money, including through P-Notes, regulator Sebi has said it has a strong surveillance system that generates over 100 alerts a day and all cases of manipulation are being dealt with sternly.