Press Releases - Currency Management - RBI - Reserve Bank of India
Press Releases
Sep 01, 2023
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹2000 banknotes in circulation, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as at the close of business on May 19, 2023. The status of withdrawal of ₹2000 banknotes as at July end was published by the RBI vide Press Release No. 2023-2024/682 dated August 01, 2023.
According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation is ₹3.32 lakh crore up to August 31, 2023. Consequently, ₹2000 banknotes in circulation as at the close of business on August 31, 2023 stood at ₹0.24 lakh crore. Thus, 93% of the ₹2000 banknotes in circulation as on May 19, 2023, have since been returned.
Data collected from major banks indicates that out of the total banknotes in ₹2000 denomination received back from circulation, about 87% is in the form of deposits and the remaining around 13% has been exchanged into other denomination banknotes.
Members of the public are requested to utilise the remaining period until September 30, 2023 to deposit and/or exchange the ₹2000 banknotes held with them.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/851
The Reserve Bank of India had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹2000 banknotes in circulation, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as at the close of business on May 19, 2023. The status of withdrawal of ₹2000 banknotes as at July end was published by the RBI vide Press Release No. 2023-2024/682 dated August 01, 2023.
According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation is ₹3.32 lakh crore up to August 31, 2023. Consequently, ₹2000 banknotes in circulation as at the close of business on August 31, 2023 stood at ₹0.24 lakh crore. Thus, 93% of the ₹2000 banknotes in circulation as on May 19, 2023, have since been returned.
Data collected from major banks indicates that out of the total banknotes in ₹2000 denomination received back from circulation, about 87% is in the form of deposits and the remaining around 13% has been exchanged into other denomination banknotes.
Members of the public are requested to utilise the remaining period until September 30, 2023 to deposit and/or exchange the ₹2000 banknotes held with them.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/851
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Aug 01, 2023
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹2000 banknotes in circulation, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as at the close of business on May 19, 2023. A status of withdrawal of ₹2000 banknotes was published by the RBI in Press Release No. 2023-2024/522 dated July 3rd, 2023. According to the data
The Reserve Bank of India had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹2000 banknotes in circulation, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as at the close of business on May 19, 2023. A status of withdrawal of ₹2000 banknotes was published by the RBI in Press Release No. 2023-2024/522 dated July 3rd, 2023. According to the data
Jul 27, 2023
Reserve Bank of India clarifies on Star Series Banknotes
It has come to the notice of the Reserve Bank that the validity of banknotes with a Star (*) symbol present on the number panel has recently been the subject of discussions on some social media platforms. In this connection, it is informed that the Star (*) symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed banknotes in a packet of 100 pieces of serially numbered banknotes. A banknote with a Star (*) symbol is iden
It has come to the notice of the Reserve Bank that the validity of banknotes with a Star (*) symbol present on the number panel has recently been the subject of discussions on some social media platforms. In this connection, it is informed that the Star (*) symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed banknotes in a packet of 100 pieces of serially numbered banknotes. A banknote with a Star (*) symbol is iden
Jul 03, 2023
Withdrawal of ₹2000 Denomination Banknotes - Status
The Reserve Bank of India had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹2000 banknotes in circulation, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as at the close of business on May 19, 2023. According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation after the announcement on May 19
The Reserve Bank of India had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The total value of ₹2000 banknotes in circulation, which amounted to ₹3.62 lakh crore on March 31, 2023 had declined to ₹3.56 lakh crore as at the close of business on May 19, 2023. According to the data received from the banks, the total value of ₹2000 banknotes received back from circulation after the announcement on May 19
Jun 17, 2023
Clarification on Banknote
The Reserve Bank of India (RBI) has come across reports circulating in certain sections of the media alleging missing of banknotes printed by banknote printing presses. The RBI emphasizes that these reports are not correct. These reports are based on erroneous interpretation of information collected under the Right to Information Act, 2005 from the printing presses. It may be noted that all banknotes supplied from printing presses to RBI are properly accounted for. It
The Reserve Bank of India (RBI) has come across reports circulating in certain sections of the media alleging missing of banknotes printed by banknote printing presses. The RBI emphasizes that these reports are not correct. These reports are based on erroneous interpretation of information collected under the Right to Information Act, 2005 from the printing presses. It may be noted that all banknotes supplied from printing presses to RBI are properly accounted for. It
May 19, 2023
₹2000 Denomination Banknotes - Withdrawal from Circulation; Will continue as Legal Tender
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of legal tender status of all ₹500 and ₹1000 banknotes in circulation at that time. The objective of introducing ₹2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of ₹2000 banknotes was stopped
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of legal tender status of all ₹500 and ₹1000 banknotes in circulation at that time. The objective of introducing ₹2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of ₹2000 banknotes was stopped
May 03, 2023
Report on Currency and Finance (RCF) for the year 2022-23
The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2022-23 today. The theme of the Report is “Towards a Greener Cleaner India”. The Report reflects the views of the contributors and not of the Reserve Bank. Highlights The Report covers four major dimensions of climate change to assess future challenges to sustainable high growth in India, namely, the unprecedented scale and pace of climate change; its macroeconomic effects; im
The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2022-23 today. The theme of the Report is “Towards a Greener Cleaner India”. The Report reflects the views of the contributors and not of the Reserve Bank. Highlights The Report covers four major dimensions of climate change to assess future challenges to sustainable high growth in India, namely, the unprecedented scale and pace of climate change; its macroeconomic effects; im
Sep 21, 2022
MANI (Mobile Aided Note Identifier) - Introduction of multi-lingual audio notification
The MANI App was launched on January 01, 2020 for aiding visually impaired persons to identify the denomination of Indian Banknotes. This App, which identifies the denomination of banknotes through audio notification in Hindi and English, is now capable of notifying the banknote denomination in 11 other languages (Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Tamil, Telugu, Urdu). The MANI application is free and can be downloaded from the A
The MANI App was launched on January 01, 2020 for aiding visually impaired persons to identify the denomination of Indian Banknotes. This App, which identifies the denomination of banknotes through audio notification in Hindi and English, is now capable of notifying the banknote denomination in 11 other languages (Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Tamil, Telugu, Urdu). The MANI application is free and can be downloaded from the A
Jun 06, 2022
RBI clarifies: No change in existing Currency and Banknotes
There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others. It may be noted that there is no such proposal in the Reserve Bank. (Yogesh Dayal) Chief General Manager Press Release: 2022-2023/314
There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others. It may be noted that there is no such proposal in the Reserve Bank. (Yogesh Dayal) Chief General Manager Press Release: 2022-2023/314
Apr 29, 2022
Report on Currency and Finance (RCF) for the year 2021-22
The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2021-22 today. The theme of the Report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term. The Report reflects the views of the contributors and not of the Reserve Bank. Highlights The blueprint of reforms proposed in the Report revolves around seven wheels of economic progress viz., aggregate deman
The Reserve Bank of India has released the Report on Currency and Finance (RCF) for the year 2021-22 today. The theme of the Report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term. The Report reflects the views of the contributors and not of the Reserve Bank. Highlights The blueprint of reforms proposed in the Report revolves around seven wheels of economic progress viz., aggregate deman
Mar 28, 2022
RBI Governor dedicates Varnika Ink Manufacturing Unit of BRBNMPL to the Nation
Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), dedicated Varnika, the Ink Manufacturing Unit of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI to the nation today (March 28, 2022) in Mysuru. In his address, Governor recognised the substantial progress made towards achieving self-reliance in banknote production ecosystem in India. He emphasised the importance of continuously building capacity (in terms peopl
Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), dedicated Varnika, the Ink Manufacturing Unit of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI to the nation today (March 28, 2022) in Mysuru. In his address, Governor recognised the substantial progress made towards achieving self-reliance in banknote production ecosystem in India. He emphasised the importance of continuously building capacity (in terms peopl
Mar 28, 2022
RBI Governor lays Foundation Stone of Learning and Development Centre (LDC) of BRBNMPL
Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), laid foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI, today (March 28, 2022) in Mysuru. In his address, Governor highlighted the importance of setting up such a centre which will facilitate human resource capacity building in the currency production ecosystem of the country
Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), laid foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI, today (March 28, 2022) in Mysuru. In his address, Governor highlighted the importance of setting up such a centre which will facilitate human resource capacity building in the currency production ecosystem of the country
Aug 04, 2021
RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Banknotes and Coins
It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of India, and seeking charges/ commission/ tax from public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms. It is clarified that Reserve Bank of India does not deal in such matters and never seeks charges/ commissions of any sort. Reserve Bank of India has also not authorised
It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of India, and seeking charges/ commission/ tax from public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms. It is clarified that Reserve Bank of India does not deal in such matters and never seeks charges/ commissions of any sort. Reserve Bank of India has also not authorised
Jan 01, 2020
Launch of Mobile Aided Note Identifier (MANI) by RBI
RBI Governor today launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of Indian Banknotes. Indian banknotes contain several features which enable the visually impaired (colour blind, partially sighted and blind people) to identify them, viz., intaglio printing and tactile mark, variable banknote size, large numerals, variable colour, monochromatic hues and patterns. Technological p
RBI Governor today launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of Indian Banknotes. Indian banknotes contain several features which enable the visually impaired (colour blind, partially sighted and blind people) to identify them, viz., intaglio printing and tactile mark, variable banknote size, large numerals, variable colour, monochromatic hues and patterns. Technological p
Jun 26, 2019
Public can continue to accept all the coins as legal tender: RBI
The Reserve Bank of India puts into circulation coins minted by the Government of India. These coins have distinctive features. Coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes - economic, social and cultural - are introduced from time to time. As coins remain in circulation for a longer period, coins of different designs and sizes circulate at the same time. Presently, coins of 50 paise, ₹ 1/-, 2/-, 5/-
The Reserve Bank of India puts into circulation coins minted by the Government of India. These coins have distinctive features. Coins in new denominations to meet transaction needs of public and coins in new designs to reflect various themes - economic, social and cultural - are introduced from time to time. As coins remain in circulation for a longer period, coins of different designs and sizes circulate at the same time. Presently, coins of 50 paise, ₹ 1/-, 2/-, 5/-
May 20, 2019
Issue of ₹10 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor
The Reserve Bank of India will shortly issue ₹10 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹10 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹10 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release : 2018-2019/2717
The Reserve Bank of India will shortly issue ₹10 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹10 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹10 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release : 2018-2019/2717
Apr 26, 2019
RBI Introduces ₹ 20 banknote in Mahatma Gandhi (New) Series
The Reserve Bank of India will shortly issue ₹ 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das, Governor, Reserve Bank of India. The new denomination has motif of Ellora Caves on the reverse, depicting the country's cultural heritage. The base colour of the note is Greenish Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. All the bank
The Reserve Bank of India will shortly issue ₹ 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das, Governor, Reserve Bank of India. The new denomination has motif of Ellora Caves on the reverse, depicting the country's cultural heritage. The base colour of the note is Greenish Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. All the bank
Apr 23, 2019
Issue of ₹ 200 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor
The Reserve Bank of India will shortly issue ₹ 200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 200 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 200 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2513
The Reserve Bank of India will shortly issue ₹ 200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 200 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 200 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2513
Apr 23, 2019
Issue of ₹ 500 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor
The Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019
The Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019
Apr 16, 2019
Issue of ₹50 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor
The Reserve Bank of India will today issue ₹ 50 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 50 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 50 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2467
The Reserve Bank of India will today issue ₹ 50 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor. The design of these notes is similar in all respects to ₹ 50 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹ 50 issued by the Reserve Bank in the past will continue to be legal tender. Yogesh Dayal Chief General Manager Press Release: 2018-2019/2467
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