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Banknotes News

Reserve Bank of India

06 Jun 2022

Watermarks of Tagore, Kalam on Indian bank notes instead of Mahatma Gandhi?

RBI was reportedly contemplating replacing MK Gandhi's face. Reports said RBI might take decision soon. Here is what the Central Bank said.

Reserve Bank of India

05 Jun 2022

Watermarks of Rabindranath Tagore, APJ Abdul Kalam to feature on banknotes?

The Finance Ministry along with the RBI might soon discuss the move. RBI issued notes have never used an image or watermark of any other important personality, besides Gandhi. However, the decision hasn't been finalised yet.

17 Sep 2021

Zimbabwe artist turns old Mugabe-era banknotes into paintings

If anyone doesn't need reminding that banknotes are just worthless pieces of paper, it is Zimbabweans: over a decade ago, they watched as hyperinflation obliterated their currency and led to the printing of a 100 trillion Zimbabwean dollar note. Most bills ended up in the trash, but Zimbabwean visual artist Prudence Chimutuwah has found value in the unloved old bank notes -- by using them to make art.

Demonetised notes

09 Apr 2017

People sending demonetised notes abroad by courier: Customs

The customs department has unearthed a new modus operandi of sending demonetised Rs 500 and Rs 1,000 notes abroad by courier in a bid to get them converted here later.

07 Apr 2017

FinMin hails scrapping of notes as a 'bold move'

Terming the invalidation of Rs 500 and Rs 1,000 notes as a "bold move" to check black money, the finance ministry today said no serious attempt of this scale was made in the past.

02 Apr 2017

Govt plans to change security marks of banknotes every 3-4 years

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards.

17 Feb 2017

Demonetisation drive in India had 'significant impact' on PepsiCo's business in Q4: Indra Nooyi

The demonetisation drive in India had a "significant impact" on PepsiCo's business in the country in the last quarter of 2016 and there are still "lingering effects" of it, according to the food-and-beverage giant's India-born CEO Indra Nooyi.

Business News 2016

14 Dec 2016

Demonetisation (ban on Rs 500 and Rs 1,000 notes): One of the top economic reforms in India's history

The demonetisation of Rs 500 and Rs 1000 banknotes was a policy enacted by the Government on 8 November 2016. All Rs 500 and Rs 1000 banknotes of the Mahatma Gandhi Series ceased to be legal tender in India from 9 November 2016.

30 Jun 2016

RBI to accept pre-2005 notes only at select offices from July

The Reserve Bank Thursday said it will accept pre-2005 banknotes only at its select branches from tomorrow as majority of the old series banknotes have been withdrawn.

19 May 2016

RBI readies new banknote designs; Board takes stock of economy

Currency notes in India may soon carry a new look with the central board Thursday recommending to the government a new set of designs for banknotes.

26 Apr 2016

Notes sans security thread: Govt says matter is serious

Government has taken incidents related to banknotes being printed without the security thread "very seriously" and disciplinary action against officials concerned is under way, Minister of State for Finance Jayant Sinha said Tuesday.

22 Jan 2016

RBI to issue Rs 500, Rs 100 notes with more security features

Reserve Bank will soon put into circulation new banknotes of Rs 500 and Rs 100 denominations of the Mahatma Gandhi Series-2005 with enhanced security features.

16 Jul 2015

RBI asks public to refrain from writing on banknotes

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.

Reserve Bank of India

09 Jul 2015

RBI issues Rs 100 notes with new numbering pattern

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.

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