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[27] [28] RBI said that 2,000 bank notes continue to be legal tender. [29] On 1 March 2024, Reserve Bank of India informed that 97.62% of Rs 2,000 notes have been returned to the banking system, however Rs 2,000 notes worth Rs 8,470 crore are still in circulation with public, at the close of business on 29 February 2024.
The RBI announced on 18 August 2017 that it would soon issue a new ₹ 50 note. [4] RBI announced the specifications of new denomination of ₹200 note in the Mahatma Gandhi New Series, bearing signature of Dr. Urjit R. Patel, Governor of the Reserve Bank of India on 25 August 2017. [5]
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
Reserve Bank of India, abbreviated as RBI, is the central bank of India, ... New ₹ 500 and ₹ 2,000 notes were issued on 8 November 2016. The old series of ...
A ₹200 note, also a first for the Indian Rupee, is currently in circulation. 2023 Currency recall. In May 2023, the Reserve Bank of India started withdrawing the ₹2,000 notes from circulation. [19] [20] The ₹2,000 bank note which was introduced in 2016 however, will remain in legal tender until September 2023 according to RBI.
2023 – Reserve Bank of India issued a circular on 19 May stating currency notes of ₹ 2000 denomination will be withdrawn from circulation [90] The reason given for this withdrawal is the decline in the number of currency notes in circulation. According to the circular, there were only 10.8% of Notes in Circulation on March 31, 2023.
Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor's signature. Since its establishment in 1935 by the government of the Republic of India, the RBI has been headed by twenty-six governors. The governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor Ajit ...
The Reserve Bank of India (RBI) introduced the series in 1996 with ₹10 and ₹500 banknotes. As of 10 November 2016, the RBI issues banknotes in this series in denominations from ₹5 to ₹100. Printing of five-notes, which had stopped earlier, restarted in 2009.