Press Releases - Currency Management - RBI - Reserve Bank of India
Press Releases
Apr 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
PDF (
Mar 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
Mar 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
Feb 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
Feb 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
Jan 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
Dec 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
Nov 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
Nov 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
Nov 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
Oct 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
Oct 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
Sep 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
Aug 29, 2002
RBI to engage Agencies for Distribution of Coins
The Reserve Bank of India has invited applications from agencies for undertaking distribution of coins on an experimental basis. The Reserve Bank, has stated that it will pay service charges to the agencies that undertake distribution of coins. The Reserve Bank will pay a service charge of Rs. 250 per coin bag collected from its counters. The agencies would, however, have to distribute coins to the public at face value without any charge/commission. Coins will be avai
The Reserve Bank of India has invited applications from agencies for undertaking distribution of coins on an experimental basis. The Reserve Bank, has stated that it will pay service charges to the agencies that undertake distribution of coins. The Reserve Bank will pay a service charge of Rs. 250 per coin bag collected from its counters. The agencies would, however, have to distribute coins to the public at face value without any charge/commission. Coins will be avai
Jun 05, 2002
Distribution of Coins through Post Offices
With a view to enlarging the facility particularly in the rural and semi-urban area, the Reserve Bank of India has arranged with the postal authorities in Mumbai for distribution of coins through the post offices in Maharashtra and Goa. The scheme was launched in Mumbai on June 4, 2002. Initially, coins will be available from the Mumbai GPO and head post offices at Kalbadevi, Mandvi, Girgaon, Dadar, Chinchbunder, Mumbai Central, Mahim, Andheri, Chembur and Borivali an
With a view to enlarging the facility particularly in the rural and semi-urban area, the Reserve Bank of India has arranged with the postal authorities in Mumbai for distribution of coins through the post offices in Maharashtra and Goa. The scheme was launched in Mumbai on June 4, 2002. Initially, coins will be available from the Mumbai GPO and head post offices at Kalbadevi, Mandvi, Girgaon, Dadar, Chinchbunder, Mumbai Central, Mahim, Andheri, Chembur and Borivali an
Jan 03, 2002
Rs.500/- denomination notes: Some Facts
The Reserve Bank of India has advised that currently three designs of Rs.500/- notes are in circulation. Rs.500/- notes in predominantly green colour was first issued in 1987. This series of notes has portrait of Mahatma Gandhi and the legend 'M.K. Gandhi' printed below the portrait. This note also has Ashoka pillar in the watermark area. Thereafter, the Reserve Bank issued Rs.500/- notes in Mahatma Gandhi series in 1997. This features the portrait of Mahatma Gandhi o
The Reserve Bank of India has advised that currently three designs of Rs.500/- notes are in circulation. Rs.500/- notes in predominantly green colour was first issued in 1987. This series of notes has portrait of Mahatma Gandhi and the legend 'M.K. Gandhi' printed below the portrait. This note also has Ashoka pillar in the watermark area. Thereafter, the Reserve Bank issued Rs.500/- notes in Mahatma Gandhi series in 1997. This features the portrait of Mahatma Gandhi o
Dec 21, 2001
Issue of Rs.1000 notes in Mahatma Gandhi Series with capital letter "A" inset in numbering panels
The Reserve Bank of India will shortly be issuing Rs.1000 notes in Mahatma Gandhi Series with capital letter "A" inset in numbering panels bearing the signature of Dr. Bimal Jalan, Governor. Except for the change in inset letter, the design of the Rs.1000 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.1000 denomination notes in Mahatma Gandhi Series issued by the Bank in the past will continue to be legal
The Reserve Bank of India will shortly be issuing Rs.1000 notes in Mahatma Gandhi Series with capital letter "A" inset in numbering panels bearing the signature of Dr. Bimal Jalan, Governor. Except for the change in inset letter, the design of the Rs.1000 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.1000 denomination notes in Mahatma Gandhi Series issued by the Bank in the past will continue to be legal
Dec 12, 2001
Distribution of Coins : RBI reaches out to Public
The Reserve Bank of India will on December 13, 2001 make available coins up to Rs 800 to members of public at Union Bank of India, Andheri (E) Branch, Mayani Manor, Opp. Vishal Hall, Sir M. V. Road, Andheri (East), Mumbai 400 069. The coins worth Rs 800 will be available in `Potlas' of 100 pieces each of Re 1, Rs.2 and 5. The facility at this branch will be available to members of public from 11.30 a.m. onwards.The Reserve Bank has extended this special facility as a
The Reserve Bank of India will on December 13, 2001 make available coins up to Rs 800 to members of public at Union Bank of India, Andheri (E) Branch, Mayani Manor, Opp. Vishal Hall, Sir M. V. Road, Andheri (East), Mumbai 400 069. The coins worth Rs 800 will be available in `Potlas' of 100 pieces each of Re 1, Rs.2 and 5. The facility at this branch will be available to members of public from 11.30 a.m. onwards.The Reserve Bank has extended this special facility as a
Dec 05, 2001
Issue of Rs.5 notes in Mahatma Gandhi Series with capital letter "R" inset in numbering panels
The Reserve Bank of India will shortly be issuing Rs.5 notes in Mahatma Gandhi Series with capital letter "R" inset in numbering panel bearing the signature of Dr. Bimal Jalan, Governor. Except for the change in inset letter, the design of the Rs.5 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.5 denomination notes issued by the Bank in the past will continue to be legal tender.P.V. Sadanandan Asst. Manag
The Reserve Bank of India will shortly be issuing Rs.5 notes in Mahatma Gandhi Series with capital letter "R" inset in numbering panel bearing the signature of Dr. Bimal Jalan, Governor. Except for the change in inset letter, the design of the Rs.5 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.5 denomination notes issued by the Bank in the past will continue to be legal tender.P.V. Sadanandan Asst. Manag
Nov 26, 2001
Currency notes and coins of Rs.2 and Rs.5 Denominations are Legal Tender
At certain locations in a few cities/towns, bill boards have appeared indicating that the notes and coins of Rs.2 and Rs.5 denominations have ceased to be legal tender. The report is baseless and misleading. The Reserve Bank of India clarifies that the notes and coins of Rs.2 and Rs.5 continue to be legal tender. The members of public can freely accept and transact their business in these notes and coins and need not to be misled by any such propaganda.N.L. Rao Asst.
At certain locations in a few cities/towns, bill boards have appeared indicating that the notes and coins of Rs.2 and Rs.5 denominations have ceased to be legal tender. The report is baseless and misleading. The Reserve Bank of India clarifies that the notes and coins of Rs.2 and Rs.5 continue to be legal tender. The members of public can freely accept and transact their business in these notes and coins and need not to be misled by any such propaganda.N.L. Rao Asst.
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: November 04, 2024
