The Reserve Bank of India will shortly be issuing Rs.100 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor, with capital letter 'E' inset in both numbering panels. Except for these changes, the design of Rs.100 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.100 denomination notes issued by the Bank in the past will continue to be legal tender.Maureen Shankar ManagerPress Re

The Byculla Office of the Reserve Bank of India is launching a special drive from December 1, 1998 for exchange of soiled, cut and mutilated notes in the denomination of Re.1, Rs.2 and Rs.5. The admissible exchange value in accordance with RBI Note Refund Rules 1975 will be paid in the form of coins across the counter. The members of public can avail of this facility during banking hours at the Banking Hall at Reserve Bank of India's Byculla Office in Mumbai. S. R. Si

The Reserve Bank of India will shortly be issuing Rs. 50 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor. Except for this change the design of Rs. 50 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs. 50 denomination notes issued by the Bank in the past will continue to be legal tender. Alpana Killawala General Manager Press Release : 1998-99/557

The Mumbai Office of the Reserve Bank of India is launching a special drive from November 2, 1998 for exchange of soiled and cut/mutilated notes in the denominations of rupee one, Rs.2 and Rs.5. The admissible exchange value in terms of the Reserve Bank of India (Note Refund) Rules, 1975, will be paid in the form of coins across the counter. Members of public may avail of this facility at the special counters in the Banking Hall at the Reserve Bank of India, Mumbai Ma

The Reserve Bank of India will shortly be issuing Rs.500 notes in Mahatma Gandhi series bearing the signature of Dr. Bimal Jalan, Governor, with capital letter 'A' inset in both numbering panels. Except for this change, the design of the Rs.500 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.500 denomination notes issued by the bank in the past will continue to be legal tender.

The Reserve Bank of India has today issued a circular to all commercial and cooperative banks clarifying that all Rs. 500 notes continue to be legal tender and should, therefore, be accepted for all transactions. The Reserve Bank has also asked banks to instruct all their branches to accept all Rs. 500 notes across their counters and eschew creating avoidable panic in the minds of the public. The Reserve Bank circular has been issued following some confusion about Rs.

A section of the press has reported that the Reserve Bank of India will withdraw from circulation the old series of notes in the denomination of Rs. 500 within two months, and replace them with a new series of notes. The Reserve Bank of India clarifies that there is no intention whatsoever of withdrawing from circulation the old series of currency notes in the denomination of Rs. 500. The notes continue to be legal tender and members of public can use all notes in cir

The Reserve Bank of India had earlier issued three series of Rs. 10 denomination notes with Mahatama gandhi' portrait, one without any inset in numbering panel and the others with capital letter 'R' and 'L' in both the numbering panels. The Reserve Bank of India will now issue Rs. 10 notes in the Mahatma Gandhi series bearing the signature of Dr. C. Rangrajan with capital letter inset 'M' in both the numbering panels. Except for this change, the design of the ten rupe