Press Releases - Currency Management - ਆਰਬੀਆਈ - Reserve Bank of India
ਪ੍ਰੈਸ ਰਿਲੀਜ਼
ਜੂਨ 12, 2003
Exchange Facility for Public in Matunga
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 Matunga. The facility will be offered on Friday, June 13, 2003 between 11.30 a.m. and 2.30 p.m. at Syndicate Bank, S. M. Building, Matunga Bazar, Matunga, Mumbai. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recent pa
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 Matunga. The facility will be offered on Friday, June 13, 2003 between 11.30 a.m. and 2.30 p.m. at Syndicate Bank, S. M. Building, Matunga Bazar, Matunga, Mumbai. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recent pa
ਪੀਡੀਐਫ (
ਜੂਨ 05, 2003
RBI appeals to Public to accept only Unstapled Notes
Some sections of the Print Media in their editions dated June 5, 2003, have carried stories on some difficulties and problems in, and plausible reasons, for non-implementation of the Reserve Bank of India’s Directive of November 7, 2001 regarding receipt and payment of cash only in unstapled notes. As the news item is not factual and to remove avoidable confusion, the Reserve Bank clarifies that it had issued the Directive and operative guidelines in November 2001. In
Some sections of the Print Media in their editions dated June 5, 2003, have carried stories on some difficulties and problems in, and plausible reasons, for non-implementation of the Reserve Bank of India’s Directive of November 7, 2001 regarding receipt and payment of cash only in unstapled notes. As the news item is not factual and to remove avoidable confusion, the Reserve Bank clarifies that it had issued the Directive and operative guidelines in November 2001. In
ਮਈ 30, 2003
Acceptance of Small Coins
The Reserve Bank of India has come across reports in certain sections of the Press and is also receiving complaints that small coins of 5, 10 and 20 paise are not being accepted by banks, commercial organisations and general public for payments on the plea that these coins are no more legal tender. It is clarified that though minting and issue of these coins has been stopped, they have not been withdrawn by Government of India. All such coins issued earlier continue t
The Reserve Bank of India has come across reports in certain sections of the Press and is also receiving complaints that small coins of 5, 10 and 20 paise are not being accepted by banks, commercial organisations and general public for payments on the plea that these coins are no more legal tender. It is clarified that though minting and issue of these coins has been stopped, they have not been withdrawn by Government of India. All such coins issued earlier continue t
ਮਈ 28, 2003
Exchange Facility for Public in Goregaon (West)
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 Goregaon (West). The facility will be offered on Friday, May 30, 2003 between 11.30 a.m. and 2.30 p.m. at Bank of Baroda, Shanjay Building, Road No.111, Jawahar Nagar, Mumbai. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in
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 Goregaon (West). The facility will be offered on Friday, May 30, 2003 between 11.30 a.m. and 2.30 p.m. at Bank of Baroda, Shanjay Building, Road No.111, Jawahar Nagar, Mumbai. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in
ਮਈ 23, 2003
Clean Note Policy - RBI Deputy Governor meets Bankers in Southern Region
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India today held a meeting with Chairmen and Managing Directors of banks in the Southern Region comprising states of Tamil Nadu, Karnataka, Andhra Pradesh and Kerala and of controlling officials of other banks in the Issue Circle of Tamil Nadu and Pondicherry. The meeting was held in Chennai.Achievements of banks against targets and deadline set for destapling and segregation of notes into soiled and reissuables and
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India today held a meeting with Chairmen and Managing Directors of banks in the Southern Region comprising states of Tamil Nadu, Karnataka, Andhra Pradesh and Kerala and of controlling officials of other banks in the Issue Circle of Tamil Nadu and Pondicherry. The meeting was held in Chennai.Achievements of banks against targets and deadline set for destapling and segregation of notes into soiled and reissuables and
ਮਈ 14, 2003
Exchange Facility for Public in Ghatkopar
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 Electric House. The facility will be offered on Monday, May 19, 2003 between 11.00 a.m. and 2.00 p.m. at Bank of India, Electric House Branch, Electric House, Mumbai. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recen
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 Electric House. The facility will be offered on Monday, May 19, 2003 between 11.00 a.m. and 2.00 p.m. at Bank of India, Electric House Branch, Electric House, Mumbai. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recen
ਅਪ੍ਰੈ 21, 2003
Exchange Facility for Public in Crawford Market, Mumbai
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 Crawford Market. The facility will be offered on Wednesday, April 23, 2003 between 3.30 p.m. and 4.30 p.m. at HDFC Bank Ltd., Ashoka Shopping Centre, Lokmanya Tilak Road, Near T. B. Hospital, Crawford Market, Mumbai. In order to make available clean currency notes to public in adequate quantity, the
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 Crawford Market. The facility will be offered on Wednesday, April 23, 2003 between 3.30 p.m. and 4.30 p.m. at HDFC Bank Ltd., Ashoka Shopping Centre, Lokmanya Tilak Road, Near T. B. Hospital, Crawford Market, Mumbai. In order to make available clean currency notes to public in adequate quantity, the
ਅਪ੍ਰੈ 04, 2003
Exchange Facility for Public in Ghatkopar
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 Ghatkopar. The facility will be offered on Tuesday, April 8, 2003 between 11.15 a.m. and 2.15 p.m. at Bank of India, M. G. Road, Ghatkopar (West), Mumbai-400 086. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recent pa
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 Ghatkopar. The facility will be offered on Tuesday, April 8, 2003 between 11.15 a.m. and 2.15 p.m. at Bank of India, M. G. Road, Ghatkopar (West), Mumbai-400 086. In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recent pa
ਮਾਰਚ 24, 2003
Exchange Facility for Public in Bandra
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 Bandra. The facility will be offered on Wednesday, March 26, 2003 between 11.15 a.m. and 2.15 p.m. at State Bank of India, Linking Road, Bandra (West), Mumbai-400 052.In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recen
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 Bandra. The facility will be offered on Wednesday, March 26, 2003 between 11.15 a.m. and 2.15 p.m. at State Bank of India, Linking Road, Bandra (West), Mumbai-400 052.In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken several steps in the recen
ਮਾਰਚ 07, 2003
Exchange Facility for Public in Mazgaon
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 Mazgaon. The facility will be offered on Wednesday, March 12, 2003 between 11.00 a.m. and 2.30 p.m. at Central Bank of India, St. Mary Street, Behind Sales Tax Office, Mazgaon, Mumbai-400 010.In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken s
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 Mazgaon. The facility will be offered on Wednesday, March 12, 2003 between 11.00 a.m. and 2.30 p.m. at Central Bank of India, St. Mary Street, Behind Sales Tax Office, Mazgaon, Mumbai-400 010.In order to make available clean currency notes to public in adequate quantity, the Reserve Bank has taken s
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
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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