Press Releases - RBI - Reserve Bank of India
Press Releases
Jan 20, 2009
New Ferritic Stainless Steel (FSS) Coin of Rs.2 – "Birth Bi-Centenary of Louis Braille, 1809 – 2009"
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel coins of Rs.2 issued by Government of India to commemorate "Birth Bi-Centenary of Louis Braille,1809 - 2009". The coins shall conform to the following dimensions, designs and compositions namely: Denomination of the Coins Shape Weight & Outside diameter Metal Composition Two Rupees Circular with 27 mm diameter Weight – 5.62 gms. Ferritic Stainless Steel Iron - 83% Chromium -17
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel coins of Rs.2 issued by Government of India to commemorate "Birth Bi-Centenary of Louis Braille,1809 - 2009". The coins shall conform to the following dimensions, designs and compositions namely: Denomination of the Coins Shape Weight & Outside diameter Metal Composition Two Rupees Circular with 27 mm diameter Weight – 5.62 gms. Ferritic Stainless Steel Iron - 83% Chromium -17
PDF (
Dec 18, 2008
New Coins of Rs.5/- in Ferritic Stainless Steel (FSS) to commemorate the event
The Reserve Bank of India will put into circulation New Ferritic Stainless Steel (FSS) coins of Rs.5/- issued by the Government of India to commemorate the event of " The First War of Independence " Denomination of the coin Shape and outside diameter Weight Metal Composition Five Rupees Circular 23 mm with security edge 6 gms Ferritic Stainless Steel (FSS) Iron - 83% Chromium - 17% Designs : Obverse : This face of the coin shall bear the Lion Capitol of Ashoka Pillar
The Reserve Bank of India will put into circulation New Ferritic Stainless Steel (FSS) coins of Rs.5/- issued by the Government of India to commemorate the event of " The First War of Independence " Denomination of the coin Shape and outside diameter Weight Metal Composition Five Rupees Circular 23 mm with security edge 6 gms Ferritic Stainless Steel (FSS) Iron - 83% Chromium - 17% Designs : Obverse : This face of the coin shall bear the Lion Capitol of Ashoka Pillar
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
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
Sep 25, 2007
New Ferritic Stainless Steel Coins of Rs. 2 denomination with the theme "PLATINUM JUBILEE OF INDIAN AIR FORCE (1932-2007)"
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Coins of Rs. 2 with the theme "PLATINUM JUBILEE OF INDIAN AIR FORCE (1932-2007)" The coins shall conform to the following dimensions, designs and compositions, namely : Denomination of the coin Shape and outside diameter Metal composition Two Rupees Circular 27 millimeters Ferritic Stainless Steel containing – Iron – 83% Chromium – 17% Designs : OBVERSE : The face of the coin is d
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Coins of Rs. 2 with the theme "PLATINUM JUBILEE OF INDIAN AIR FORCE (1932-2007)" The coins shall conform to the following dimensions, designs and compositions, namely : Denomination of the coin Shape and outside diameter Metal composition Two Rupees Circular 27 millimeters Ferritic Stainless Steel containing – Iron – 83% Chromium – 17% Designs : OBVERSE : The face of the coin is d
Sep 25, 2007
RBI further liberalises Forex Rules
On a review of the current macro economic situation and in consultation with the Government of India, it has been decided to accelerate the implementation of the third phase of the recommendations of the Committee on Fuller Capital Account Convertibility (CFCAC) with regard to the foreign exchange outflows.Accordingly, the following measures are being implemented with immediate effect: i) Investment in overseas Joint Ventures (JV) / Wholly Owned Subsidiaries (WOS) by
On a review of the current macro economic situation and in consultation with the Government of India, it has been decided to accelerate the implementation of the third phase of the recommendations of the Committee on Fuller Capital Account Convertibility (CFCAC) with regard to the foreign exchange outflows.Accordingly, the following measures are being implemented with immediate effect: i) Investment in overseas Joint Ventures (JV) / Wholly Owned Subsidiaries (WOS) by
Aug 16, 2007
Availability of Coins
The Reserve Bank of India has been receiving complaints from some quarters about inadequate availability of coins. The Reserve Bank clarifies that there is no shortage of coins and members of public, shops and commercial establishments can obtain their coin requirements from its Regional Offices or from designated branches of commercial banks. In case of difficulties/problems in this regard, members of public and others can approach the Regional Directors of the conce
The Reserve Bank of India has been receiving complaints from some quarters about inadequate availability of coins. The Reserve Bank clarifies that there is no shortage of coins and members of public, shops and commercial establishments can obtain their coin requirements from its Regional Offices or from designated branches of commercial banks. In case of difficulties/problems in this regard, members of public and others can approach the Regional Directors of the conce
Aug 10, 2007
Frequently Asked Questions under the Liberalized Remittance Scheme – Reserve Bank’s Response
The Reserve Bank of India had announced a Liberalized Remittance Scheme (the Scheme) in February 2004 as a step towards further simplification and liberalization of the foreign exchange facilities available to resident individuals. As per the Scheme, resident individuals may remit up to USD 100,000 per financial year for any permitted capital and current account transactions. The Scheme was operationalised vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004.
The Reserve Bank of India had announced a Liberalized Remittance Scheme (the Scheme) in February 2004 as a step towards further simplification and liberalization of the foreign exchange facilities available to resident individuals. As per the Scheme, resident individuals may remit up to USD 100,000 per financial year for any permitted capital and current account transactions. The Scheme was operationalised vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004.
Jul 24, 2007
RBI invites Feedback on the ‘Report of the Technical Group Set up to Review Legislations on Money Lending’
The Reserve Bank had announced in paragraph 153 of the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for (a) reviewing the efficacy of the existing legislative framework, which governs money lending, (b) reviewing the enforcement machinery in different states and (c) making recommendations to State Governments for improving the legal and enforcement framework in the interest of rural househ
The Reserve Bank had announced in paragraph 153 of the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for (a) reviewing the efficacy of the existing legislative framework, which governs money lending, (b) reviewing the enforcement machinery in different states and (c) making recommendations to State Governments for improving the legal and enforcement framework in the interest of rural househ
Apr 18, 2007
RBI introduces Protected Disclosures Scheme
for Private and Foreign Banks operating in India
for Private and Foreign Banks operating in India
The Reserve Bank of India today introduced Protected Disclosures Scheme for private and foreign banks operating in India. The circular issued to private sector and foreign banks operating in India in this regard is placed on the RBI website at www.rbi.org.in for information of members of public. Public sector banks and the Reserve Bank of India (since it is an entity established under Central Statute) have already been brought under the purview of Government of India
The Reserve Bank of India today introduced Protected Disclosures Scheme for private and foreign banks operating in India. The circular issued to private sector and foreign banks operating in India in this regard is placed on the RBI website at www.rbi.org.in for information of members of public. Public sector banks and the Reserve Bank of India (since it is an entity established under Central Statute) have already been brought under the purview of Government of India
Apr 12, 2007
RBI`s Special move to exchange Notes for Coins
In order to help the members of public in obtaining Re.1, Rs.2 and Rs. 5 denomination coins near their residence/place of work, the Reserve Bank of India, Mumbai has made special arrangements to issue these coins in exchange of notes at the following bank branches: Sr. No. Name of the bank Branch address Date Timings 1. Corporation Bank, D.N Road branch, Veena Chambers, 21, Dalal Street, Mez. Floor, Fort, Mumbai 400 023 April 17, 2007 11 am to 3 pm 2. Central Bank of
In order to help the members of public in obtaining Re.1, Rs.2 and Rs. 5 denomination coins near their residence/place of work, the Reserve Bank of India, Mumbai has made special arrangements to issue these coins in exchange of notes at the following bank branches: Sr. No. Name of the bank Branch address Date Timings 1. Corporation Bank, D.N Road branch, Veena Chambers, 21, Dalal Street, Mez. Floor, Fort, Mumbai 400 023 April 17, 2007 11 am to 3 pm 2. Central Bank of
Mar 29, 2007
Reserve Bank of India to accept tax payments beyond banking hours on March 31
For the convenience of taxpayers, the Reserve Bank of India has made special arrangements at its Mumbai and Navi Mumbai offices to receive cash deposits representing taxes at the counters upto 4.00 p.m. on March 31, 2007. Cheques/other instruments representing payment of taxes to the Government would be received upto 5.00 p.m. on March 31, 2007. Instructions have also been issued to agency banks, viz., State Bank of India and its associates, public sector banks and de
For the convenience of taxpayers, the Reserve Bank of India has made special arrangements at its Mumbai and Navi Mumbai offices to receive cash deposits representing taxes at the counters upto 4.00 p.m. on March 31, 2007. Cheques/other instruments representing payment of taxes to the Government would be received upto 5.00 p.m. on March 31, 2007. Instructions have also been issued to agency banks, viz., State Bank of India and its associates, public sector banks and de
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: August 01, 2025
