Press Releases - Currency Management - RBI - Reserve Bank of India
Press Releases
Apr 01, 2010
Platinum Jubilee of Reserve Bank of India - Issue of Commemorative Coin Set
The Government of India will be issuing a set of five commemorative coins in the denominations of Re. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 75 to mark the occasion of Platinum Jubilee of Reserve Bank of India. While a gazette notification in respect of these coins has already been issued on 23 February, 2010 in Official Gazette of India, Prime Minister Shri Man Mohan Singh will release the coin in an official function at NCPA, Nariman Point, Mumbai in a Grand Finale event t
The Government of India will be issuing a set of five commemorative coins in the denominations of Re. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 75 to mark the occasion of Platinum Jubilee of Reserve Bank of India. While a gazette notification in respect of these coins has already been issued on 23 February, 2010 in Official Gazette of India, Prime Minister Shri Man Mohan Singh will release the coin in an official function at NCPA, Nariman Point, Mumbai in a Grand Finale event t
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Mar 25, 2010
Issue of Rs.10/- denomination banknotes with 'A' Inset letter 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 with 'A' 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 inset letter, 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
The Reserve Bank of India will shortly issue Rs.10/- denomination banknotes with 'A' 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 inset letter, 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
Mar 22, 2010
FM lays Foundation Stone for Bank Note Paper Mill at Mysore
“Currency continues to be a dominant means of payment in the country’s economy. The ratio of currency to GDP which was 12 per cent in 1951 is currently around 13 percent. For a vast and growing country like India, indigenisation of the process of manufacture of currency notes including its various inputs like paper, ink, etc., is of strategic importance. Besides, it will also give the benefits of backward integration in the form of assured, smooth and timely supplies,
“Currency continues to be a dominant means of payment in the country’s economy. The ratio of currency to GDP which was 12 per cent in 1951 is currently around 13 percent. For a vast and growing country like India, indigenisation of the process of manufacture of currency notes including its various inputs like paper, ink, etc., is of strategic importance. Besides, it will also give the benefits of backward integration in the form of assured, smooth and timely supplies,
Mar 05, 2010
RBI's Platinum Jubilee : Currency Notes of last 75 years on display
The Reserve Bank of India which started operations on April 1, 1935 is celebrating its Platinum Jubilee this year. To mark this occasion, the Reserve Bank has arranged an exhibition of all the banknotes issued since its inception. The exhibition is in the Reserve Bank's Monetary Museum and will remain open for public viewing till June 30, 2010. Entry to the exhibition is free. Exhibition Location : Reserve Bank of India's Monetary Museum, Amar Building, Sir Phirozshah
The Reserve Bank of India which started operations on April 1, 1935 is celebrating its Platinum Jubilee this year. To mark this occasion, the Reserve Bank has arranged an exhibition of all the banknotes issued since its inception. The exhibition is in the Reserve Bank's Monetary Museum and will remain open for public viewing till June 30, 2010. Entry to the exhibition is free. Exhibition Location : Reserve Bank of India's Monetary Museum, Amar Building, Sir Phirozshah
Feb 11, 2010
Issue of new Commemorative Circulation Coin of Rs.10/- denomination (bi-metallic) on the occasion of "HOMI BHABHA BIRTH CENTENARY YEAR"
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.10/- denomination (bi-metallic) issued by Government of India on the occasion of " HOMI BHABHA BIRTH CENTENARY YEAR". Shape and outside diameter Metal composition Circular 27 mm (Bi-metallic) Outer Ring (Aluminium Bronze) Copper – 92% Zinc - 6% Nickel - 2% Centre Piece (Cupro Nickel) Copper - 75% Nickel - 25% Design: Obverse : The face of coin shall bear the Lion Capi
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.10/- denomination (bi-metallic) issued by Government of India on the occasion of " HOMI BHABHA BIRTH CENTENARY YEAR". Shape and outside diameter Metal composition Circular 27 mm (Bi-metallic) Outer Ring (Aluminium Bronze) Copper – 92% Zinc - 6% Nickel - 2% Centre Piece (Cupro Nickel) Copper - 75% Nickel - 25% Design: Obverse : The face of coin shall bear the Lion Capi
Jan 18, 2010
Issue of new Commemorative Circulation Coin of Rs.5/- denomination (Nickel Brass) on the occasion of the Birth Centenary of "Perarignar Anna"
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.5/- denomination (Nickel Brass) issued by Government of India on the occasion of the Birth Centenary of "Perarignar Anna". Shape and outside diameter No. of Serrations Metal composition Circular 23 mm 100 Nickel Brass Copper – 75% Zinc – 20% Nickel – 5% Design : Obverse : The face of coin shall bear the Lion Capitol of Ashoka Pillar with the legend "mel³ecesJe pe³eles
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.5/- denomination (Nickel Brass) issued by Government of India on the occasion of the Birth Centenary of "Perarignar Anna". Shape and outside diameter No. of Serrations Metal composition Circular 23 mm 100 Nickel Brass Copper – 75% Zinc – 20% Nickel – 5% Design : Obverse : The face of coin shall bear the Lion Capitol of Ashoka Pillar with the legend "mel³ecesJe pe³eles
Dec 23, 2009
RBI seeks comments on Draft Guidelines on Note Authentication and Fitness Sorting Parameters
The Reserve Bank of India has placed on its website today "Draft Guidelines on Note Authentication and Fitness Sorting Parameters" for comments /views, which may be sent by post to the Chief General Manager, Department of Currency Management, Reserve Bank of India, 4th floor, Amar Building, Sir P.M. Road, Mumbai 400001 or may be sent by email on or before January 06, 2010. The Reserve Bank of India will finalize and issue the guidelines after examining the views/feedb
The Reserve Bank of India has placed on its website today "Draft Guidelines on Note Authentication and Fitness Sorting Parameters" for comments /views, which may be sent by post to the Chief General Manager, Department of Currency Management, Reserve Bank of India, 4th floor, Amar Building, Sir P.M. Road, Mumbai 400001 or may be sent by email on or before January 06, 2010. The Reserve Bank of India will finalize and issue the guidelines after examining the views/feedb
Dec 03, 2009
Issue of Rs.20 Denomination Banknotes without Inset Letterin 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.20 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 inset letter, 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 August 16, 2006. All banknotes in the denomination of R
The Reserve Bank of India will shortly issue Rs.20 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 inset letter, 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 August 16, 2006. All banknotes in the denomination of R
Nov 17, 2009
Issue of Rs.50/- denomination banknotes with 'L' Inset letter 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.50/- denomination banknotes with 'L' 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 inset letter, 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 August 24, 2005. All banknotes in the denomination o
The Reserve Bank of India will shortly issue Rs.50/- denomination banknotes with 'L' 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 inset letter, 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 August 24, 2005. All banknotes in the denomination o
Sep 29, 2009
Issue of Rs.50/- denomination banknotes with 'R' Inset letter 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.50/- denomination banknotes with 'R' 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 inset letter, 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 August 24, 2005. All banknotes in the denomination o
The Reserve Bank of India will shortly issue Rs.50/- denomination banknotes with 'R' 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 inset letter, 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 August 24, 2005. All banknotes in the denomination o
Sep 17, 2009
Issue of Rs.500/- denomination banknotes with `E' Inset letter 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.500/- denomination banknotes with `E' 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 inset letter, 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 October 21, 2005. All banknotes in the denomination
The Reserve Bank of India will shortly issue Rs.500/- denomination banknotes with `E' 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 inset letter, 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 October 21, 2005. All banknotes in the denomination
Sep 14, 2009
Restrictive practices while accepting bank notes
It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. The Reserve Bank of India, therefore considers it necessary to emphasise that all government/semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices. For further information
It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. The Reserve Bank of India, therefore considers it necessary to emphasise that all government/semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices. For further information
Aug 26, 2009
New Commemorative Circulation Coin Of Rs.5/-denomination (Nickel Brass) On the occasion of "Saint Alphonsa Birth Centenary"
The Reserve Bank of India will shortly put in to circulation new commemorative circulation coins of Rs.5/- denomination (Nickel Brass) issued by Government of India on the occasion of "Saint Alphonsa Birth Centenary". Shape and Outside diameter No.of serrations Metal composition Circular 23 milimetres (Bi-metallic) 100 Nickel Brass containing Copper – 75% Zinc – 20% Nickel – 5% Design: Obverse: This face of the coin shall bear the "Lion Capitol" of Ashoka Pillar with
The Reserve Bank of India will shortly put in to circulation new commemorative circulation coins of Rs.5/- denomination (Nickel Brass) issued by Government of India on the occasion of "Saint Alphonsa Birth Centenary". Shape and Outside diameter No.of serrations Metal composition Circular 23 milimetres (Bi-metallic) 100 Nickel Brass containing Copper – 75% Zinc – 20% Nickel – 5% Design: Obverse: This face of the coin shall bear the "Lion Capitol" of Ashoka Pillar with
Aug 26, 2009
Issue of Rs.5/- denomination banknotes with inset letter 'L' in the numbering panel in Mahatma Gandhi Series bearing the signature of Dr.D.Subbarao, Governor
The Reserve Bank of India will shortly issue Rs.5/- denomination banknotes with inset letter 'L' in the numbering panel in Mahatma Gandhi Series, bearing signature of Dr.D.Subbarao, Governor. Except for the change in signature and inset letter the design of these notes to be issued now is similar in all respects to those issued earlier in Mahatma Gandhi Series. All Rs.5/- denomination banknotes issued by the Bank in the past will continue to be legal tender. Ajit Pras
The Reserve Bank of India will shortly issue Rs.5/- denomination banknotes with inset letter 'L' in the numbering panel in Mahatma Gandhi Series, bearing signature of Dr.D.Subbarao, Governor. Except for the change in signature and inset letter the design of these notes to be issued now is similar in all respects to those issued earlier in Mahatma Gandhi Series. All Rs.5/- denomination banknotes issued by the Bank in the past will continue to be legal tender. Ajit Pras
Jul 31, 2009
RBI Clarification on Forged Notes
Some newspapers have been erroneously quoting Nayak Committee report for estimates of forged currency notes in circulation in India. The Reserve Bank clarifies that: There is no estimate of forged notes in circulation by any agency. The Nayak Committee, which was set up in 1988, to go into the dynamics of currency management had, in its report, estimated the value of notes in circulation (genuine notes) in the year 2000 at Rs.1,69,000 crore. The Nayak Committee did no
Some newspapers have been erroneously quoting Nayak Committee report for estimates of forged currency notes in circulation in India. The Reserve Bank clarifies that: There is no estimate of forged notes in circulation by any agency. The Nayak Committee, which was set up in 1988, to go into the dynamics of currency management had, in its report, estimated the value of notes in circulation (genuine notes) in the year 2000 at Rs.1,69,000 crore. The Nayak Committee did no
Jul 17, 2009
Issue of Rs.100/- denomination banknotes with `F' Inset letter 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.100/- denomination banknotes with `F' 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 inset letter, 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 August 24, 2005. All banknotes in the denomination
The Reserve Bank of India will shortly issue Rs.100/- denomination banknotes with `F' 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 inset letter, 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 August 24, 2005. All banknotes in the denomination
Jul 16, 2009
Issue of Rs.50 Denomination Banknotes without Inset Letter 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.50 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 inset letter, 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 August 24, 2005. All banknotes in the denomination of R
The Reserve Bank of India will shortly issue Rs.50 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 inset letter, 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 August 24, 2005. All banknotes in the denomination of R
May 18, 2009
Issue of Rs.1000/- denomination banknotes with `L' Inset letter 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.1000/- denomination banknotes with `L' 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 inset letter, 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 October 21, 2005. All banknotes in the denominatio
The Reserve Bank of India will shortly issue Rs.1000/- denomination banknotes with `L' 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 inset letter, 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 October 21, 2005. All banknotes in the denominatio
May 18, 2009
Issue of Rs.20/- denomination banknotes with `E' Inset letter 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.20/- denomination banknotes with `E' 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 inset letter, 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 August 16, 2006. All banknotes in the denomination o
The Reserve Bank of India will shortly issue Rs.20/- denomination banknotes with `E' 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 inset letter, 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 August 16, 2006. All banknotes in the denomination o
May 13, 2009
Issue of Rs.500 Denomination Banknotes with `L' Inset Letter 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.500 denomination banknotes with `L' 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 inset letter, 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 October 21, 2005. All banknotes in the denomination o
The Reserve Bank of India will shortly issue Rs.500 denomination banknotes with `L' 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 inset letter, 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 October 21, 2005. All banknotes in the denomination o
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