Press Releases - Currency Management - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਫ਼ਰ 25, 2003
Do away with Stapling of Currency Notes - RBI appeals to Banks and Public
The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949 in public interest with the objective of giving clean and good notes to members of public.The Reserve Bank of India has been supplying fresh notes without staples to the banks and the members of public. It however observed that banks stapled these fresh n
The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949 in public interest with the objective of giving clean and good notes to members of public.The Reserve Bank of India has been supplying fresh notes without staples to the banks and the members of public. It however observed that banks stapled these fresh n
ਪੀਡੀਐਫ (
ਫ਼ਰ 12, 2003
Exchange Facility for Public in Fountain
With a view to enlarging the exchange facility to the public, the Reserve Bank of India has made special arrangement for distribution of packets of Rs.5 notes and coins in Fountain. The facility will be offered on Friday, February 14, 2003 between 10.30 a.m. and 1.30 p.m. at Bank of India, Main Branch, M. G. Road, Fountain, Mumbai-400 001. The above branch will also offer exchange facility of soiled and mutilated notes as part of the campaign. In order to make availab
With a view to enlarging the exchange facility to the public, the Reserve Bank of India has made special arrangement for distribution of packets of Rs.5 notes and coins in Fountain. The facility will be offered on Friday, February 14, 2003 between 10.30 a.m. and 1.30 p.m. at Bank of India, Main Branch, M. G. Road, Fountain, Mumbai-400 001. The above branch will also offer exchange facility of soiled and mutilated notes as part of the campaign. In order to make availab
ਜਨ 22, 2003
Exchange Facility for Public in Dadar
With a view to enlarging the exchange facility to the public, the Reserve Bank of India has made special arrangement for distribution of packets of Rs.5 notes and coins in Dadar. The facility will be offered on Friday, January 24, 2003 between 11.30 a.m. and 2.30 p.m. at Punjab National Bank, N. C. Kelkar Road, Dadar (West), Mumbai-400 028. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the r
With a view to enlarging the exchange facility to the public, the Reserve Bank of India has made special arrangement for distribution of packets of Rs.5 notes and coins in Dadar. The facility will be offered on Friday, January 24, 2003 between 11.30 a.m. and 2.30 p.m. at Punjab National Bank, N. C. Kelkar Road, Dadar (West), Mumbai-400 028. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the r
ਦਸੰ 05, 2002
Clean Note Policy: RBI
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India, exhorted the banks to implement the Reserve Bank's instructions issued from November 2001 to do away with stapling of note packets and to introduce banding the packets with paper/polythene bands so that the life of the currency notes is increased. The Deputy Governor took a meeting of Chief Executives of public sector banks and other banks having currency chests in Delhi today to discuss matters connected with
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India, exhorted the banks to implement the Reserve Bank's instructions issued from November 2001 to do away with stapling of note packets and to introduce banding the packets with paper/polythene bands so that the life of the currency notes is increased. The Deputy Governor took a meeting of Chief Executives of public sector banks and other banks having currency chests in Delhi today to discuss matters connected with
ਨਵੰ 28, 2002
Facilities for Exchanging Soiled and Mutilated Notes
Members of public are hereby informed that the Reserve Bank of India (RBI) has authorized all branches of public sector banks and all currency chest branches of private sector banks to accept and exchange all types of soiled/mutilated notes of all denominations. Refund value of such notes in exchange is, however, paid as per RBI (note Refund) Rules, 1975. With a view to render better service to the public the exchange facility for mutilated notes is also offered by RB
Members of public are hereby informed that the Reserve Bank of India (RBI) has authorized all branches of public sector banks and all currency chest branches of private sector banks to accept and exchange all types of soiled/mutilated notes of all denominations. Refund value of such notes in exchange is, however, paid as per RBI (note Refund) Rules, 1975. With a view to render better service to the public the exchange facility for mutilated notes is also offered by RB
ਨਵੰ 25, 2002
Distribution of coins in exchange - RBI reaches out to Public
In order to mitigate the hardships faced by the members of the public in obtaining coins, the Reserve Bank of India has made special arrangements to make available coins upto Rs.800/- packets in 'potlas' of 100 pieces each of Rs.1/-, Rs.2/- and Rs.5/- & coins in exchange at the premises of Lions Club of Marol Service Centre, A.K. Road, Marol, Andheri (East) on 26th November 2002. Members of public desirous of obtaining the coins may avail of the facility at above
In order to mitigate the hardships faced by the members of the public in obtaining coins, the Reserve Bank of India has made special arrangements to make available coins upto Rs.800/- packets in 'potlas' of 100 pieces each of Rs.1/-, Rs.2/- and Rs.5/- & coins in exchange at the premises of Lions Club of Marol Service Centre, A.K. Road, Marol, Andheri (East) on 26th November 2002. Members of public desirous of obtaining the coins may avail of the facility at above
ਨਵੰ 21, 2002
Rs.500 denomination notes (AP Series) continue to be legal tender
It has been brought to the notice of the Reserve Bank of India, that some cashiers of commercial and co-operative banks do not accept Rs.500 denomination notes of Ashoka Pillar (AP) Series, i.e., the notes with Ashoka Pillar Watermark. Members of the public are requested to note that all Rs.500 denomination notes continue to be legal tender and shall be freely accepted by banks and the Reserve Bank of India in settlement of transactions. If any bank is not accepting t
It has been brought to the notice of the Reserve Bank of India, that some cashiers of commercial and co-operative banks do not accept Rs.500 denomination notes of Ashoka Pillar (AP) Series, i.e., the notes with Ashoka Pillar Watermark. Members of the public are requested to note that all Rs.500 denomination notes continue to be legal tender and shall be freely accepted by banks and the Reserve Bank of India in settlement of transactions. If any bank is not accepting t
ਅਕਤੂ 31, 2002
Issue of Rs.10 notes in Mahatma Gandhi Series with capital letter `T' inset in numbering panels
The Reserve Bank of India will shortly be issuing Rs.10 notes in Mahatma Gandhi Series with capital letter `T' inset in numbering panel bearing the signature of Dr. Bimal Jalan, Governor. Except for the change in inset letter, the design of Rs.10 notes to be issued now is similar in all respects to those issued earlier in Mahatma Gandhi Series. All Rs.10 denomination notes in Mahatma Gandhi Series issued by the Bank in the past will continue to be legal tender. P.V. S
The Reserve Bank of India will shortly be issuing Rs.10 notes in Mahatma Gandhi Series with capital letter `T' inset in numbering panel bearing the signature of Dr. Bimal Jalan, Governor. Except for the change in inset letter, the design of Rs.10 notes to be issued now is similar in all respects to those issued earlier in Mahatma Gandhi Series. All Rs.10 denomination notes in Mahatma Gandhi Series issued by the Bank in the past will continue to be legal tender. P.V. S
ਅਕਤੂ 08, 2002
No Plan to introduce Polymer/Plastic notes: RBI
October 8, 2002The Reserve Bank of India has been receiving several queries about the possibility of introducing polymer/plastic currency notes to replace the existing paper notes, especially in the denominations of Rs.1000, Rs.500 Rs.100 and Rs.50. The Reserve Bank of India has clarified that there is no proposal to introduce polymer/plastic notes in place of paper notes. Ajit Prasad ManagerPress Release: 2002-2003/370
October 8, 2002The Reserve Bank of India has been receiving several queries about the possibility of introducing polymer/plastic currency notes to replace the existing paper notes, especially in the denominations of Rs.1000, Rs.500 Rs.100 and Rs.50. The Reserve Bank of India has clarified that there is no proposal to introduce polymer/plastic notes in place of paper notes. Ajit Prasad ManagerPress Release: 2002-2003/370
ਸਤੰ 03, 2002
RBI tells Banks to distribute Coins/Exchange Soiled Notes to Public on Sunday
As one more initiative in implementing ‘Clean Note Policy’, the Reserve Bank of India has advised banks to consider keeping a few of their currency chests branches open on one Sunday in a month to provide exclusively few counters for currency note exchange facilities and distribute coins to the members of public. In a letter written last week to the banks, the Reserve Bank of India Deputy Governor, Shri Vepa Kamesam, has stated that the facilities of exchange should b
As one more initiative in implementing ‘Clean Note Policy’, the Reserve Bank of India has advised banks to consider keeping a few of their currency chests branches open on one Sunday in a month to provide exclusively few counters for currency note exchange facilities and distribute coins to the members of public. In a letter written last week to the banks, the Reserve Bank of India Deputy Governor, Shri Vepa Kamesam, has stated that the facilities of exchange should b
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