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As of 2011, the new ₹ sign had been incorporated into banknotes of ₹ 1000. [3] In January 2014, RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015, and then again to 30 June 2016. [4] Denomination of ₹ 1,000 notes cost was ...
Banknotes of denominations of ₹5, ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1000 of the Mahatma Gandhi Series. The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee.
The Mahatma Gandhi New Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of the Indian rupee (₹), intended to replace the Mahatma Gandhi Series of banknotes. Announced on 8 November 2016, it followed the demonetisation of ₹ 500 and ₹ 1000 banknotes of the original Mahatma Gandhi Series.
The number of counterfeit ₹500 and ₹1,000 (demonetised version) banknotes saw an increase in 2016–17 and subsequently a decline in 2017–18. But in 2017–18, there was an increase in counterfeit ₹500 and ₹2,000 (new version) banknotes than the previous year. [84]
While the exchanging of notes was initially allowed only until 9th February, 1946, it was extended multiple times. [2]: 5 By the end of 1947, out of a total of Rs. 143.97 crore of high denomination banknotes, notes of the value of Rs. 134.90 crore were exchanged and notes worth Rs. 9.07 crore went out of circulation or were not exchanged.
2016 saw the discontinuation of ₹500 and ₹1,000 notes due to the 2016 Indian bank note demonetisation and consequently the introduction of new a ₹500 note, and a ₹2,000 note- a first for the currency. Later on, new notes of old denominations viz. ₹10, ₹20, ₹50 and ₹100 were issued with old notes of the same value still being ...
Government of India – 10 rupees (1910) British Indian one rupee note. In 1861, the Government of India introduced its first paper money: ₹ 10 note in 1864, ₹ 5 note in 1872, ₹ 10,000 note in 1899, ₹ 100 note in 1900, ₹ 50 note in 1905, ₹ 500 note in 1907 and ₹ 1,000 note in 1909.
The RBI is authorised to issue notes with face values of up to ₹ 10,000 and coins up to ₹ 1,000 rupees. New ₹ 500 and ₹ 2,000 notes were issued on 8 November 2016. The old series of ₹ 1,000 and ₹ 500 notes were banned on 8 November 2016, and are no longer in use. Earlier ₹ 1,000 notes have been discarded by the RBI.