Press Releases - RBI - Reserve Bank of India
Press Releases
Dec 08, 2010
Issue of new Coins of ` 5 with the theme "Birth Centenary of Mother Teresa"
The Reserve Bank of India will shortly put into circulation coins of ` 5 with the theme "Birth Centenary of Mother Teresa". The coin of above denomination shall conform to the following dimension, design and composition, namely : Denomination of the coin Shape and outside diameter Number of Serrations Metal composition Five Rupees Circular 23 millimeters 100 Nickel Brass Copper - 75% Zinc - 20% Nickel - 5% Designs: Obverse : The face of the coin shall bear the lion ca
The Reserve Bank of India will shortly put into circulation coins of ` 5 with the theme "Birth Centenary of Mother Teresa". The coin of above denomination shall conform to the following dimension, design and composition, namely : Denomination of the coin Shape and outside diameter Number of Serrations Metal composition Five Rupees Circular 23 millimeters 100 Nickel Brass Copper - 75% Zinc - 20% Nickel - 5% Designs: Obverse : The face of the coin shall bear the lion ca
PDF (
Nov 29, 2010
RBI cautions Public about Unauthorised Companies collecting Deposits
The Reserve Bank of India has today cautioned members of public about unauthorised companies which collect money from public stating that they have been authorised by the Reserve Bank to do so. The Reserve Bank stated that it has published on its website (http://rbi.org.in/scripts/BS_NBFCList.aspx) a list of non-banking finance companies (NBFCs) which are permitted to accept deposits. No NBFC outside of this list can accept deposits from public. Doing so is clearly fr
The Reserve Bank of India has today cautioned members of public about unauthorised companies which collect money from public stating that they have been authorised by the Reserve Bank to do so. The Reserve Bank stated that it has published on its website (http://rbi.org.in/scripts/BS_NBFCList.aspx) a list of non-banking finance companies (NBFCs) which are permitted to accept deposits. No NBFC outside of this list can accept deposits from public. Doing so is clearly fr
May 31, 2010
Do Not fall Prey to Fictitious Offers of Funds Transfer: RBI Advisory
The Reserve Bank advised banks on May 26, 2010, to exercise due caution and to be extra vigilant concerning the fictitious offers whereby bank accounts are opened and/or transactions made in the accounts for receiving payments styled as transaction charges, etc, towards the so-called transfer of prize money/award money, etc. The Reserve Bank has clarified that any person resident in India collecting and effecting/remitting such payments directly /indirectly outside In
The Reserve Bank advised banks on May 26, 2010, to exercise due caution and to be extra vigilant concerning the fictitious offers whereby bank accounts are opened and/or transactions made in the accounts for receiving payments styled as transaction charges, etc, towards the so-called transfer of prize money/award money, etc. The Reserve Bank has clarified that any person resident in India collecting and effecting/remitting such payments directly /indirectly outside In
Apr 01, 2010
PM releases Commemorative Coin Set; FM releases Mint Road Milestones: RBI at 75
Photograph "As we pursue our objective of achieving rapid and inclusive growth, our monetory and financial policies must be guided by three objectives. First, they must ensure that inflation is kept under control since it hurts the common man the most and also distorts economic signals. Second, they must ensure stability of the banking and financial sector since otherwise we run the risk of experiencing financial crises which always impose high cost. Third, they must
Photograph "As we pursue our objective of achieving rapid and inclusive growth, our monetory and financial policies must be guided by three objectives. First, they must ensure that inflation is kept under control since it hurts the common man the most and also distorts economic signals. Second, they must ensure stability of the banking and financial sector since otherwise we run the risk of experiencing financial crises which always impose high cost. Third, they must
Nov 17, 2009
Issue of Rs.50/- denomination banknotes with L Inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor
The Reserve Bank of India will shortly issue Rs.50/- denomination banknotes with 'L' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on August 24, 2005. All banknotes in the denomination o
The Reserve Bank of India will shortly issue Rs.50/- denomination banknotes with 'L' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on August 24, 2005. All banknotes in the denomination o
Sep 14, 2009
Reserve Bank of India (Note Refund Rules) 2009
Reserve Bank of India has framed a new set of Note Refund Rules known as Reserve Bank of India (Note Refund Rules) 2009 and has been notified in the Gazette of India on August 04, 2009 and came into force with immediate effect .The new set of rules are simplified and easy to comprehend. These rules are also available on RBI website www. rbi.org.in. G. Raghuraj Deputy General Manager Press Release: 2009-2010/424
Reserve Bank of India has framed a new set of Note Refund Rules known as Reserve Bank of India (Note Refund Rules) 2009 and has been notified in the Gazette of India on August 04, 2009 and came into force with immediate effect .The new set of rules are simplified and easy to comprehend. These rules are also available on RBI website www. rbi.org.in. G. Raghuraj Deputy General Manager Press Release: 2009-2010/424
Sep 14, 2009
Restrictive practices while accepting bank notes
It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. The Reserve Bank of India, therefore considers it necessary to emphasise that all government/semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices. For further information
It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. The Reserve Bank of India, therefore considers it necessary to emphasise that all government/semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices. For further information
Aug 11, 2009
High Level RBI Group suggests Steps to check Menace of Fake Notes
The sharp increase in the number of physical notes in circulation as also the increase in the number of cases of fake notes detected/seized in recent period, have clearly underscored the need for increased vigil by all stakeholders to address the menace of fake notes. From the Reserve Bank of India’s side, the priority has been to ensure that fake notes are promptly detected as soon as they enter into the banking channel. It is equally important to ensure that ATMs an
The sharp increase in the number of physical notes in circulation as also the increase in the number of cases of fake notes detected/seized in recent period, have clearly underscored the need for increased vigil by all stakeholders to address the menace of fake notes. From the Reserve Bank of India’s side, the priority has been to ensure that fake notes are promptly detected as soon as they enter into the banking channel. It is equally important to ensure that ATMs an
Jul 31, 2009
RBI Clarification on Forged Notes
Some newspapers have been erroneously quoting Nayak Committee report for estimates of forged currency notes in circulation in India. The Reserve Bank clarifies that: There is no estimate of forged notes in circulation by any agency. The Nayak Committee, which was set up in 1988, to go into the dynamics of currency management had, in its report, estimated the value of notes in circulation (genuine notes) in the year 2000 at Rs.1,69,000 crore. The Nayak Committee did no
Some newspapers have been erroneously quoting Nayak Committee report for estimates of forged currency notes in circulation in India. The Reserve Bank clarifies that: There is no estimate of forged notes in circulation by any agency. The Nayak Committee, which was set up in 1988, to go into the dynamics of currency management had, in its report, estimated the value of notes in circulation (genuine notes) in the year 2000 at Rs.1,69,000 crore. The Nayak Committee did no
Jul 30, 2009
Beware of Fictitious Offers/Lottery Winnings/Cheap Fund Offers: RBI
The Reserve Bank of India has, today once again clarified that remittance in any form towards participation in lottery schemes is prohibited under the Foreign Exchange Management Act, 1999. Further, these restrictions are applicable also to remittances for participation in lottery-like schemes functioning under different names, such as, money circulation scheme or remittances for the purpose of securing prize money / awards, etc. The Reserve Bank has clarified that it
The Reserve Bank of India has, today once again clarified that remittance in any form towards participation in lottery schemes is prohibited under the Foreign Exchange Management Act, 1999. Further, these restrictions are applicable also to remittances for participation in lottery-like schemes functioning under different names, such as, money circulation scheme or remittances for the purpose of securing prize money / awards, etc. The Reserve Bank has clarified that it
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: April 30, 2025
