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Press Releases
Apr 18, 2012
Bank Rate
The Reserve Bank of India has decided to lower the Bank Rate to 9.0 per cent per annum from 9.5 per cent per annum with effect from April 17, 2012. R. R. Sinha Deputy General Manager Press Release: 2011-2012/1671
The Reserve Bank of India has decided to lower the Bank Rate to 9.0 per cent per annum from 9.5 per cent per annum with effect from April 17, 2012. R. R. Sinha Deputy General Manager Press Release: 2011-2012/1671
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Apr 12, 2012
Issue of ` 20/- and ` 50/- denomination Bank notes without inset letter and with ` symbol
The Reserve Bank of India will shortly issue of ` 20/- and ` 50/- denomination Banknotes without inset letter and with ` symbol, in the Mahatma Gandhi -2005 series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series 2005 issued earlier except for ` symbol. All the Banknotes in th
The Reserve Bank of India will shortly issue of ` 20/- and ` 50/- denomination Banknotes without inset letter and with ` symbol, in the Mahatma Gandhi -2005 series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series 2005 issued earlier except for ` symbol. All the Banknotes in th
Mar 30, 2012
Issue of coins to commemorate the occasion of "150th year of the Comptroller and Auditor General of India"
The Reserve Bank of India will shortly put into circulation the coins of `5 denomination, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper 75% Zinc 20% Nickel 5% Design DENOMINATION OBVERSE REVERSE Five Rupees The face of the coin shall bear the Lion Capitol of Ashoka Pillar with the legend “ सत्यमेव
The Reserve Bank of India will shortly put into circulation the coins of `5 denomination, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper 75% Zinc 20% Nickel 5% Design DENOMINATION OBVERSE REVERSE Five Rupees The face of the coin shall bear the Lion Capitol of Ashoka Pillar with the legend “ सत्यमेव
Feb 21, 2012
Issue of coins to commemorate the occasion of "Shahid Bhagat Singh Birth Centenary"
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 denomination, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters with security edge --------- Ferritic Stainless Steel - 83% Chromium - 17% Design DENOMI-NATION OBVERSE REVERSE SECURITY EDGE Five Rupees This face of the coin shall be divide
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 denomination, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters with security edge --------- Ferritic Stainless Steel - 83% Chromium - 17% Design DENOMI-NATION OBVERSE REVERSE SECURITY EDGE Five Rupees This face of the coin shall be divide
Feb 21, 2012
Issue of ` 1000 Banknotes with inset letter 'R', having Rupee symbol (`)
The Reserve Bank of India will shortly issue ` 1000 denomination Banknotes incorporating "`" symbol, with inset letter 'R' , in the Mahatma Gandhi-2005 Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of ` 1000 in Mahatma Gandhi Series -2005 issued earlier except for ` symbol. All the Banknotes
The Reserve Bank of India will shortly issue ` 1000 denomination Banknotes incorporating "`" symbol, with inset letter 'R' , in the Mahatma Gandhi-2005 Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of ` 1000 in Mahatma Gandhi Series -2005 issued earlier except for ` symbol. All the Banknotes
Feb 17, 2012
Issue of ` 10 Banknotes with inset letter 'P' and with signature of Dr. D. Subbarao, Governor
The Reserve Bank of India will shortly issue ` 10 denomination Banknotes with inset letter 'P', in the Mahatma Gandhi Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes in Mahatma Gandhi Series 2005 issued earlier. All the Banknotes in the denomination of ` 10 issued by the Bank in the past will
The Reserve Bank of India will shortly issue ` 10 denomination Banknotes with inset letter 'P', in the Mahatma Gandhi Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes in Mahatma Gandhi Series 2005 issued earlier. All the Banknotes in the denomination of ` 10 issued by the Bank in the past will
Feb 06, 2012
RBI cautions Public Once Again against Fictitious Offers
The Reserve Bank of India has today reiterated that it never contacts the public via unsolicited phone calls or emails asking for money or any other type of personal information. The Reserve Bank does not maintain/give money/foreign currency or any other type of funds to individual or opens accounts for/in the name of individuals. The Reserve Bank has urged the public to remain alert and not to fall prey to frauds or scams perpetrated by individuals who impersonate to
The Reserve Bank of India has today reiterated that it never contacts the public via unsolicited phone calls or emails asking for money or any other type of personal information. The Reserve Bank does not maintain/give money/foreign currency or any other type of funds to individual or opens accounts for/in the name of individuals. The Reserve Bank has urged the public to remain alert and not to fall prey to frauds or scams perpetrated by individuals who impersonate to
Feb 01, 2012
RBI to issue Non Sequential Numbered Notes in Denomination of ` 1000
In June 2011, RBI had issued ` 500 denomination notes in non-sequential numbering. It has now been decided to issue banknotes of ` 1000 denomination also on similar lines. Packets of Banknotes in non-sequential number will, as usual, have 100 notes. The bands of the packets containing the banknotes in non-sequential number will clearly be superscribed with the legend, “The packet contains 100 notes not numbered sequentially.” R.R. Sinha Deputy General Manager Press Re
In June 2011, RBI had issued ` 500 denomination notes in non-sequential numbering. It has now been decided to issue banknotes of ` 1000 denomination also on similar lines. Packets of Banknotes in non-sequential number will, as usual, have 100 notes. The bands of the packets containing the banknotes in non-sequential number will clearly be superscribed with the legend, “The packet contains 100 notes not numbered sequentially.” R.R. Sinha Deputy General Manager Press Re
Jan 18, 2012
Issue of ` 100 Banknotes with "R" inset letter incorporation of Rupee symbol (`)
The Reserve Bank of India will shortly issue `100 denomination Banknotes with "R" inset letter incorporating "`" symbol, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of `100 in Mahatma Gandhi Series-2005 issued earlier. All the Banknotes in the denomination of `1
The Reserve Bank of India will shortly issue `100 denomination Banknotes with "R" inset letter incorporating "`" symbol, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of `100 in Mahatma Gandhi Series-2005 issued earlier. All the Banknotes in the denomination of `1
Jan 10, 2012
Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad
The Reserve Bank of India has today advised members of public to immediately register a complaint with the local police/cyber crime authorities when they receive fictitious offers of money from abroad or if they are victims of such offers. It has also placed, on its website, the list of such nodal agencies with whom the public can register complaints. The Reserve Bank has, on several occasions in the past, cautioned the members of public against falling prey to fictit
The Reserve Bank of India has today advised members of public to immediately register a complaint with the local police/cyber crime authorities when they receive fictitious offers of money from abroad or if they are victims of such offers. It has also placed, on its website, the list of such nodal agencies with whom the public can register complaints. The Reserve Bank has, on several occasions in the past, cautioned the members of public against falling prey to fictit
Jan 10, 2012
Issue of ICMR coins of ` 5 denomination-"Circulatory Coins"
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 denomination, which shall conform to the following dimension, design and compositions, namely- SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Circular 23 millimeters 100 Nickel Brass Copper 75% Zinc 20% Nickel 5% Design OBVERSE REVERSE The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “सत्यमेव जयते" inscribed below, fl
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 denomination, which shall conform to the following dimension, design and compositions, namely- SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Circular 23 millimeters 100 Nickel Brass Copper 75% Zinc 20% Nickel 5% Design OBVERSE REVERSE The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “सत्यमेव जयते" inscribed below, fl
Dec 27, 2011
RBI to Issue commemorative coins for "100 years of Civil Aviation"
The Reserve Bank of India will shortly put into circulation coins of ` 5 denomination, which will have the following dimension, design and compositions: DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper - 75% Zinc - 20% Nickel - 5% Design DENOMINATION OBVERSE REVERSE Five Rupees The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “ सत्यम
The Reserve Bank of India will shortly put into circulation coins of ` 5 denomination, which will have the following dimension, design and compositions: DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper - 75% Zinc - 20% Nickel - 5% Design DENOMINATION OBVERSE REVERSE Five Rupees The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “ सत्यम
Dec 26, 2011
Issue of ` 500 Banknotes with incorporation of Rupee symbol (`)
The Reserve Bank of India will shortly issue ` 500 denomination Banknotes incorporating "`" symbol, without inset letter, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of ` 500 in Mahatma Gandhi Series-2005 issued earlier except for the ` symbol. All the
The Reserve Bank of India will shortly issue ` 500 denomination Banknotes incorporating "`" symbol, without inset letter, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of ` 500 in Mahatma Gandhi Series-2005 issued earlier except for the ` symbol. All the
Nov 22, 2011
Issue of `100 Banknotes with incorporation of Rupee symbol (`)
The Reserve Bank of India will shortly issue `100 denomination Banknotes incorporating "`" symbol, without inset letter, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of `100 in Mahatma Gandhi Series - 2005 issued earlier except for the ` symbol. All the
The Reserve Bank of India will shortly issue `100 denomination Banknotes incorporating "`" symbol, without inset letter, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of `100 in Mahatma Gandhi Series - 2005 issued earlier except for the ` symbol. All the
Nov 18, 2011
Issue of ` 10 Banknotes with incorporation of Rupee symbol (`)
The Reserve Bank of India will shortly issue ` 10 denomination Banknotes incorporating "`" symbol, with inset letter 'R', in the Mahatma Gandhi Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes in Mahatma Gandhi Series 2005 issued earlier except for the ` symbol. All the Banknotes in th
The Reserve Bank of India will shortly issue ` 10 denomination Banknotes incorporating "`" symbol, with inset letter 'R', in the Mahatma Gandhi Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes in Mahatma Gandhi Series 2005 issued earlier except for the ` symbol. All the Banknotes in th
Nov 18, 2011
Issue of ` 1000 Banknotes with incorporation of Rupee symbol (`)
The Reserve Bank of India will shortly issue ` 1000 denomination Banknotes incorporating "`" symbol, without inset letter, in the Mahatma Gandhi-2005 Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of ` 1000 in Mahatma Gandhi Series -2005 issued earlier except for the ` symbol. All th
The Reserve Bank of India will shortly issue ` 1000 denomination Banknotes incorporating "`" symbol, without inset letter, in the Mahatma Gandhi-2005 Series bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India and the year of printing 2011 printed on the back of the Banknote. The design of these notes to be issued now is similar in all respects to the Banknotes of ` 1000 in Mahatma Gandhi Series -2005 issued earlier except for the ` symbol. All th
Sep 28, 2011
Issue of coins to commemorate the occasion of "Income Tax-150 years of building India"
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 denomination, which shall conform to the following dimension, design and compositions, namely - DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper -75% Zinc -20% Nickel - 5% Design DENOMINATION OBVERSE REVERSE Five Rupees This face of the coin shall bear the Lion Capital of Ashoka Pillar with the
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 denomination, which shall conform to the following dimension, design and compositions, namely - DENOMINATION SHAPE AND OUTSIDE DIAMETRE NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper -75% Zinc -20% Nickel - 5% Design DENOMINATION OBVERSE REVERSE Five Rupees This face of the coin shall bear the Lion Capital of Ashoka Pillar with the
Sep 23, 2011
Issue of ` 10/- Banknotes with incorporation of Rupee symbol (`)
The Reserve Bank of India will shortly issue `10/- denomination Banknotes without inset letter, in the Mahatma Gandhi Series with the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, with the year of printing 2011 printed on the back of the Banknote, with incorporation of "`" symbol. The design of these notes to be issued now is similar in all respects to the Banknotes in Mahatma Gandhi Series 2005 issued earlier except for the ` symbol. All Banknotes in
The Reserve Bank of India will shortly issue `10/- denomination Banknotes without inset letter, in the Mahatma Gandhi Series with the signature of Dr. D. Subbarao, Governor, Reserve Bank of India, with the year of printing 2011 printed on the back of the Banknote, with incorporation of "`" symbol. The design of these notes to be issued now is similar in all respects to the Banknotes in Mahatma Gandhi Series 2005 issued earlier except for the ` symbol. All Banknotes in
Sep 06, 2011
Banking Ombudsman Conference : Ten Action Points to improve Customer Service of Banks
1. Indian Banks’ Association (IBA) will standardise most important terms and conditions (MITC) for at least ten important banking transactions and circulate among banks for adaptation. 2. Banks would initiate the process of providing one view of all bank accounts of a customer including deposits, loans, etc., with the help of available technology, such as, core banking solution. Banks would be complete the process within one year. 3. Banks would convey to the Reserve
1. Indian Banks’ Association (IBA) will standardise most important terms and conditions (MITC) for at least ten important banking transactions and circulate among banks for adaptation. 2. Banks would initiate the process of providing one view of all bank accounts of a customer including deposits, loans, etc., with the help of available technology, such as, core banking solution. Banks would be complete the process within one year. 3. Banks would convey to the Reserve
Sep 02, 2011
Issue of ` 20/- denomination Banknotes with inset letter "F" 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 `20/- denomination Banknotes with inset letter "F" in both numbering panels in Mahatma Gandhi Series 2005 bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. 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 security features. All Banknotes in the denomination of `20/- issued b
The Reserve Bank of India will shortly issue `20/- denomination Banknotes with inset letter "F" in both numbering panels in Mahatma Gandhi Series 2005 bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. 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 security features. All Banknotes in the denomination of `20/- issued b
Jul 22, 2011
Issue of new series of Coins
The Reserve Bank of India will shortly put in circulation the following coins of the Fifty Paise, One Rupee, Two Rupees, Five Rupees and Ten Rupees denominations. The coins of these denominations shall conform to the following dimension, design and compositions, namely- Denomination Shape and outside Diametre Number of Serrations Metal Composition 50 Paise Circular 19 Millimeters 100serrations on edge Ferritic Stainless Steel Containing – Iron -83% Chromium -17% One R
The Reserve Bank of India will shortly put in circulation the following coins of the Fifty Paise, One Rupee, Two Rupees, Five Rupees and Ten Rupees denominations. The coins of these denominations shall conform to the following dimension, design and compositions, namely- Denomination Shape and outside Diametre Number of Serrations Metal Composition 50 Paise Circular 19 Millimeters 100serrations on edge Ferritic Stainless Steel Containing – Iron -83% Chromium -17% One R
Jun 13, 2011
RBI to issue Non-Sequential Numbered Banknotes in Denomination of ` 500
With a view to enhancing operational efficiency and cost effectiveness in banknote printing at banknote presses, it has been decided to issue, to begin with, fresh banknotes of ` 500 denomination in packets, which may not necessarily all be sequentially numbered. This is consistent with international best practices. Packets of Banknotes in non-sequential number will, as usual, have 100 notes. The bands of the packets containing the banknotes in non-sequential number w
With a view to enhancing operational efficiency and cost effectiveness in banknote printing at banknote presses, it has been decided to issue, to begin with, fresh banknotes of ` 500 denomination in packets, which may not necessarily all be sequentially numbered. This is consistent with international best practices. Packets of Banknotes in non-sequential number will, as usual, have 100 notes. The bands of the packets containing the banknotes in non-sequential number w
Jun 10, 2011
Issue of ` 100/- denomination banknotes with inset letter "L" in both numbering panels in Mahatma Gandhi Series bearing the signature of Dr. D. Subbarao, Governor
The Reserve Bank of India will shortly issue ` 100/- denomination banknotes with inset letter "L" in both numbering panels in Mahatma Gandhi Series with the signature of Dr. D. Subbarao, Governor, Reserve Bank of India and the year 2011 printed on the back on the Bank note. 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 issued earlier. All banknotes in the
The Reserve Bank of India will shortly issue ` 100/- denomination banknotes with inset letter "L" in both numbering panels in Mahatma Gandhi Series with the signature of Dr. D. Subbarao, Governor, Reserve Bank of India and the year 2011 printed on the back on the Bank note. 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 issued earlier. All banknotes in the
Jun 10, 2011
Issue of ` 10/- denomination banknotes with inset letter "B" 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 ` 10/- denomination banknotes with inset letter "B" in both numbering panels in Mahatma Gandhi Series 2005 bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. 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 issued earlier. All banknotes in the denomination of ` 10/- issued by the Bank in the
The Reserve Bank of India will shortly issue ` 10/- denomination banknotes with inset letter "B" in both numbering panels in Mahatma Gandhi Series 2005 bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. 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 issued earlier. All banknotes in the denomination of ` 10/- issued by the Bank in the
May 18, 2011
Coins of 25 paise and below will not be Legal Tender from June 30, 2011 : RBI appeals to Public to Exchange them upto June 29, 2011
Coins of denomination of 25 paise and below will cease to be legal tender from June 30, 2011. These will not be accepted for exchange at bank branches and RBI Issue Offices from June 30, 2011. The Reserve Bank of India has, therefore, appealed to the members of public to exchange these coins at the branches of banks maintaining small coin depots or at the offices of the Reserve Bank. The exchange facility at these bank branches or the Reserve Bank offices will be avai
Coins of denomination of 25 paise and below will cease to be legal tender from June 30, 2011. These will not be accepted for exchange at bank branches and RBI Issue Offices from June 30, 2011. The Reserve Bank of India has, therefore, appealed to the members of public to exchange these coins at the branches of banks maintaining small coin depots or at the offices of the Reserve Bank. The exchange facility at these bank branches or the Reserve Bank offices will be avai
Apr 05, 2011
RBI Never asks for Your Bank Account Details
It has come to the notice of the Reserve Bank of India that mail has been sent in its name "inviting bank customers to update their bank account details against online phishing". The Reserve Bank has clarified that it has NOT sent any such email. It has further clarified that the Reserve Bank or banks never issue communication asking for bank account details for any purpose. The Reserve Bank has appealed to members of public not to respond to such mails and not to sha
It has come to the notice of the Reserve Bank of India that mail has been sent in its name "inviting bank customers to update their bank account details against online phishing". The Reserve Bank has clarified that it has NOT sent any such email. It has further clarified that the Reserve Bank or banks never issue communication asking for bank account details for any purpose. The Reserve Bank has appealed to members of public not to respond to such mails and not to sha
Mar 11, 2011
Issue of new Coins of ` 5 with the theme "ONE THOUSAND YEARS OF BRIHADEESWARAR TEMPLE"
The Reserve Bank of India will shortly put into circulation coins of ` 5 with the theme "ONE THOUSAND YEARS OF BRIHADEESWARAR TEMPLE". 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% Obverse : The face of the coin shall bear the Lion
The Reserve Bank of India will shortly put into circulation coins of ` 5 with the theme "ONE THOUSAND YEARS OF BRIHADEESWARAR TEMPLE". 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% Obverse : The face of the coin shall bear the Lion
Dec 24, 2010
Issue of `10/- denomination banknotes with inset letter "N" in both numbering panels in Mahatma Gandhi Series with additional / new security features bearing the signature of Dr. D. Subbarao, Governor
The Reserve Bank of India will shortly issue `10/- denomination banknotes with inset letter "N" in both numbering panels in Mahatma Gandhi Series with new / improved security features bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. 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 with additional / new security features issued earlier. Al
The Reserve Bank of India will shortly issue `10/- denomination banknotes with inset letter "N" in both numbering panels in Mahatma Gandhi Series with new / improved security features bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. 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 with additional / new security features issued earlier. Al
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
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
Apr 29, 2009
New Coins of Rs.5/- (Nickel-Brass) with the theme – "Ashoka Pillar"
The Reserve Bank of India will shortly put into circulation new coins of Rs.5/- (Nickel-Brass) issued by Government of India on the following theme: - "Ashoka Pillar" Shape and outside diameter Weight No. of serrations Metal composition Circular 23 millimetres 6 gms Nickel-Brass Copper 75% 100 Zinc 20% Nickel 5% Design : Obverse : This face of the coin shall bear the "Lion Capitol" of Ashoka Pillar with the Legend "सत्यमेव जयते" inscribed below, flanked on the left up
The Reserve Bank of India will shortly put into circulation new coins of Rs.5/- (Nickel-Brass) issued by Government of India on the following theme: - "Ashoka Pillar" Shape and outside diameter Weight No. of serrations Metal composition Circular 23 millimetres 6 gms Nickel-Brass Copper 75% 100 Zinc 20% Nickel 5% Design : Obverse : This face of the coin shall bear the "Lion Capitol" of Ashoka Pillar with the Legend "सत्यमेव जयते" inscribed below, flanked on the left up
Mar 26, 2009
New Coins of Rs.10/- (Bi-metallic) with the theme – "Unity in Diversity"
The Reserve Bank of India will shortly put into circulation new coins of Rs.10/- (Bi-metallic) issued by Government of India on the following theme :- "Unity in Diversity" Shape and outside diameter Weight Outer ring metal composition Centre piece metal composition Circular 27 millimetres (Bi-metallic) 7.71 gms (Outer ring: 4.45 gms. and Centrepiece: 3.26 gms.) Aluminium Bronze Cupro Nickel Copper 92% Copper 75% Aluminium 6% Nickel 25% Nickel 2% Design : Obverse : Thi
The Reserve Bank of India will shortly put into circulation new coins of Rs.10/- (Bi-metallic) issued by Government of India on the following theme :- "Unity in Diversity" Shape and outside diameter Weight Outer ring metal composition Centre piece metal composition Circular 27 millimetres (Bi-metallic) 7.71 gms (Outer ring: 4.45 gms. and Centrepiece: 3.26 gms.) Aluminium Bronze Cupro Nickel Copper 92% Copper 75% Aluminium 6% Nickel 25% Nickel 2% Design : Obverse : Thi
Mar 26, 2009
New Coins of Rs.10/- (Bi-metallic) with the theme – "Connectivity and Information Technology "
The Reserve Bank of India will shortly put into circulation new coins of Rs.10/- (Bi-metallic) issued by Government of India on the following theme: - "Connectivity and Information Technology" Shape and outside diameter Weight Outer ring metal composition Centre piece metal composition Circular 27 millimetres (Bi-metallic) 7.71 gms (Outer ring: 4.45 gms. and Centrepiece: 3.26 gms.) Aluminium Bronze Cupro Nickel Copper 92% Copper 75% Aluminium 6% Nickel 25% Nickel 2% D
The Reserve Bank of India will shortly put into circulation new coins of Rs.10/- (Bi-metallic) issued by Government of India on the following theme: - "Connectivity and Information Technology" Shape and outside diameter Weight Outer ring metal composition Centre piece metal composition Circular 27 millimetres (Bi-metallic) 7.71 gms (Outer ring: 4.45 gms. and Centrepiece: 3.26 gms.) Aluminium Bronze Cupro Nickel Copper 92% Copper 75% Aluminium 6% Nickel 25% Nickel 2% D
Jan 20, 2009
New Ferritic Stainless Steel (FSS) Coin of Rs.2 – "Birth Bi-Centenary of Louis Braille, 1809 – 2009"
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel coins of Rs.2 issued by Government of India to commemorate "Birth Bi-Centenary of Louis Braille,1809 - 2009". The coins shall conform to the following dimensions, designs and compositions namely: Denomination of the Coins Shape Weight & Outside diameter Metal Composition Two Rupees Circular with 27 mm diameter Weight – 5.62 gms. Ferritic Stainless Steel Iron - 83% Chromium -17
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel coins of Rs.2 issued by Government of India to commemorate "Birth Bi-Centenary of Louis Braille,1809 - 2009". The coins shall conform to the following dimensions, designs and compositions namely: Denomination of the Coins Shape Weight & Outside diameter Metal Composition Two Rupees Circular with 27 mm diameter Weight – 5.62 gms. Ferritic Stainless Steel Iron - 83% Chromium -17
Dec 18, 2008
New Coins of Rs.5/- in Ferritic Stainless Steel (FSS) to commemorate the event
The Reserve Bank of India will put into circulation New Ferritic Stainless Steel (FSS) coins of Rs.5/- issued by the Government of India to commemorate the event of " The First War of Independence " Denomination of the coin Shape and outside diameter Weight Metal Composition Five Rupees Circular 23 mm with security edge 6 gms Ferritic Stainless Steel (FSS) Iron - 83% Chromium - 17% Designs : Obverse : This face of the coin shall bear the Lion Capitol of Ashoka Pillar
The Reserve Bank of India will put into circulation New Ferritic Stainless Steel (FSS) coins of Rs.5/- issued by the Government of India to commemorate the event of " The First War of Independence " Denomination of the coin Shape and outside diameter Weight Metal Composition Five Rupees Circular 23 mm with security edge 6 gms Ferritic Stainless Steel (FSS) Iron - 83% Chromium - 17% Designs : Obverse : This face of the coin shall bear the Lion Capitol of Ashoka Pillar
Nov 26, 2008
New Ferritic Stainless Steel (FSS) Coin of Rs.5 – "Jagat Guru Sree Narayana Gurudev"
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel coins of Rs.5 issued by Government of India to commemorate "Jagat Guru Sree Narayana Gurudev". The coins shall conform to the following dimensions, designs and compositions namely: Denomination of the Coins Shape Weight & Outside diameter Metal Composition Five Rupees Circular with 23 mm diameter with Security edges. Weight – 6 gms. Ferritic Stainless Steel Chromium – 17% Iron
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel coins of Rs.5 issued by Government of India to commemorate "Jagat Guru Sree Narayana Gurudev". The coins shall conform to the following dimensions, designs and compositions namely: Denomination of the Coins Shape Weight & Outside diameter Metal Composition Five Rupees Circular with 23 mm diameter with Security edges. Weight – 6 gms. Ferritic Stainless Steel Chromium – 17% Iron
Aug 21, 2008
Collateral facility extended for Savings Bonds
Savings bonds can now be pledged or hypothecated or kept on lien in favour of scheduled banks. Such facility is available only for the loans to be availed of by the holders of the bonds and not in respect of the loans availed of by third parties. The Government of India has now amended the notifications relating to 7% Savings Bonds, 2002, 6.5% Savings Bonds, 2003 (Non-Taxable), and 8% Savings (Taxable) Bonds, 2003 schemes allowing for pledge or hypothecation or lien o
Savings bonds can now be pledged or hypothecated or kept on lien in favour of scheduled banks. Such facility is available only for the loans to be availed of by the holders of the bonds and not in respect of the loans availed of by third parties. The Government of India has now amended the notifications relating to 7% Savings Bonds, 2002, 6.5% Savings Bonds, 2003 (Non-Taxable), and 8% Savings (Taxable) Bonds, 2003 schemes allowing for pledge or hypothecation or lien o
Jun 09, 2008
RBI Study on Courier/Postage Charges of Banks
The Reserve Bank of India has today placed on its website the details of courier/postage charges levied by banks for information to the public. It has been reported to the Reserve Bank of India that many banks charge for various services offered by them disproportionate to the cost incurred by them. It was decided to conduct studies in the matter and as a first study, information in respect of courier/postage charges levied for collection of outstation cheques and for
The Reserve Bank of India has today placed on its website the details of courier/postage charges levied by banks for information to the public. It has been reported to the Reserve Bank of India that many banks charge for various services offered by them disproportionate to the cost incurred by them. It was decided to conduct studies in the matter and as a first study, information in respect of courier/postage charges levied for collection of outstation cheques and for
Mar 12, 2008
Respect Your Banknotes : RBI appeals to Public
The Reserve Bank of India today appealed to members of public not to use banknotes for making garlands, decorating pandals and places of worship or for showering on personalities in social events, etc. Such actions deface the banknotes and shorten their life, the Reserve Bank stated and added that banknotes should be respected as they are a symbol of the Sovereign and public should not misuse them so that the life of banknotes is enhanced. The Reserve Bank has stated
The Reserve Bank of India today appealed to members of public not to use banknotes for making garlands, decorating pandals and places of worship or for showering on personalities in social events, etc. Such actions deface the banknotes and shorten their life, the Reserve Bank stated and added that banknotes should be respected as they are a symbol of the Sovereign and public should not misuse them so that the life of banknotes is enhanced. The Reserve Bank has stated
Dec 11, 2007
RBI to issue Rs.10 denomination banknotes with inset letter "S"
The Reserve Bank of India will shortly issue Rs. 10/- denomination banknotes with inset letter ';S'; in both numbering panels in Mahatma Gandhi Series bearing the signature of Dr. Y.V. Reddy, 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 with additional / new security features issued on April 27, 2006. All banknotes in the denomination of Rs.10/- issu
The Reserve Bank of India will shortly issue Rs. 10/- denomination banknotes with inset letter ';S'; in both numbering panels in Mahatma Gandhi Series bearing the signature of Dr. Y.V. Reddy, 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 with additional / new security features issued on April 27, 2006. All banknotes in the denomination of Rs.10/- issu
Dec 07, 2007
RBI cautions Public against Fictitious Offers of Remitting Cheap Funds from Abroad
The Reserve Bank of India has advised members of public not to fall prey to fictitious offers for release of cheap funds claimed to have been remitted by overseas entities to banks in India / Reserve Bank of India. Members of public should also not make any remittance towards participation in such schemes/offers from unknown entities. Describing the typical modality of such offers, the Reserve Bank of India stated that certain foreign entities / individuals, including
The Reserve Bank of India has advised members of public not to fall prey to fictitious offers for release of cheap funds claimed to have been remitted by overseas entities to banks in India / Reserve Bank of India. Members of public should also not make any remittance towards participation in such schemes/offers from unknown entities. Describing the typical modality of such offers, the Reserve Bank of India stated that certain foreign entities / individuals, including
Dec 07, 2007
Issue of Rs.10 Denomination Banknotes without Inset Letter
in both numbering panels in Mahatma Gandhi Series – 2005
bearing the signature of Dr. D. Subbarao, Governor
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.10 denomination banknotes without 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 signature, 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 April 27, 2006. All banknotes in the denomination of Rs.10
The Reserve Bank of India will shortly issue Rs.10 denomination banknotes without 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 signature, 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 April 27, 2006. All banknotes in the denomination of Rs.10
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Page Last Updated on: 14th March 2023
