Press Releases - RBI - Reserve Bank of India
Press Releases
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
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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
Nov 12, 2007
New Coins of Rs.5/- in Cupro-Nickel (CN) to commemorate the occasion of "150 years – The First War of Independence"
The Reserve Bank of India will put into circulation New Cupro-Nickel (CN) coins of Rs.5/- issued by the Government of India to commemorate the occasion of “150 Years – The First War of Independence“. Denomination of the coin Shape and outside diameter Weight Metal Composition Five Rupees Circular 23 mm with security edge 9 gms Cupro-Nickel Alloy Copper – 75% Nickel - 25% Design : Obverse : This face of coin shall bear the Lion Capital of Ashoka Pillar with the legend
The Reserve Bank of India will put into circulation New Cupro-Nickel (CN) coins of Rs.5/- issued by the Government of India to commemorate the occasion of “150 Years – The First War of Independence“. Denomination of the coin Shape and outside diameter Weight Metal Composition Five Rupees Circular 23 mm with security edge 9 gms Cupro-Nickel Alloy Copper – 75% Nickel - 25% Design : Obverse : This face of coin shall bear the Lion Capital of Ashoka Pillar with the legend
Nov 05, 2007
RBI to issue Rs.10 denomination banknotes with inset letter "A"
The Reserve Bank of India will shortly issue Rs.10 denomination banknotes with inset letter ';A'; in both numbering panels in Mahatma Gandhi Series with additional/new security features 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 issued earlier in Mahatma Gandhi Series with additional/new security features issued on April 27, 2006. A
The Reserve Bank of India will shortly issue Rs.10 denomination banknotes with inset letter ';A'; in both numbering panels in Mahatma Gandhi Series with additional/new security features 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 issued earlier in Mahatma Gandhi Series with additional/new security features issued on April 27, 2006. A
Sep 27, 2007
New Ferritic Stainless Steel Coins of Rs. 5 denomination with the theme "CONNECTIVITY AND INFORMATION TECHNOLOGY"
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Coins of Rs.5 with the theme 'CONNECTIVITY AND INFORMATION TECHNOLOGY' The coins shall conform to the following dimension, design and composition, namely : Denomination of the coin Shape and outside diameter Metal composition Five Rupees Circular 23 millimeters with security edges (Mono-Metallic) Ferritic Stainless Steel containing – Iron – 83% Chromium – 17% Designs:OBVERSE : The
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Coins of Rs.5 with the theme 'CONNECTIVITY AND INFORMATION TECHNOLOGY' The coins shall conform to the following dimension, design and composition, namely : Denomination of the coin Shape and outside diameter Metal composition Five Rupees Circular 23 millimeters with security edges (Mono-Metallic) Ferritic Stainless Steel containing – Iron – 83% Chromium – 17% Designs:OBVERSE : The
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