Tag «Reserve Bank of India»

RBI imposes curbs on old note deposits exceeding Rs 5,000

rbi to curb 500 rupee note

The Reserve Bank today imposed stiff restrictions on depositing more than Rs 5,000 in the scrapped Rs 500 and Rs 1,000 notes, mandating that it can be deposited only once per account till December 30, that too after explaining to bank officials the reasons for not having done that so far. Stipulating that restrictive conditions …

RBI issues new series of Rs 500, Rs 2,000 currency notes

rs 500 and rs 1000 curreny note

Hours after Prime Minister Narendra Modi today announced the demonetisation of high-value notes, the Reserve Bank today issued new series of notes for the Rs 500 and Rs 2,000 denomination with improved features and newer sizes. The Rs 2,000 note, which is a first under the denomination, will be called the ‘Mahatma Gandhi (New) Series’ …