Rs500 Notes News

Industry

RBI refuses to share details on Swachh Bharat mission logo on new currency notes

The Reserve Bank of India (RBI) refuses to share details of a decision to put the logo of PM Modi's pet project 'clean India mission' on the new Rs500 and Rs2,000 currency notes, citing security concerns

1 min read15 Oct 2017
Industry

Govt rules out new window to deposit ₹500, ₹1000 notes

Government says that it had expected all the annulled ₹500, ₹1000 notes to be returned, in line with the latest RBI data

2 min read31 Aug 2017
Politics

New currency circulation post note ban reaches 84%: SBI report

With the decline in cash in hand with banks, the currency with public has been showing a steady increase, says a report by the State Bank of India

1 min read20 Jul 2017
Politics

Fake currency of Rs11.23 crore face value detected after demonetisation

Finance minister Arun Jaitley, while speaking in the Parliament, says fake currency having face value of over Rs11.23 crore was detected in 29 states post demonetisation

1 min read18 Jul 2017
Politics

SC suggests giving more time to deposit demonetised high currency notes

Supreme Court asks Centre to consider an extension for depositing demonetised high currency notes and instruct its counsel whether one was possible

1 min read5 Jul 2017
Industry

Govt opens new window for banks, post offices to deposit old notes with RBI

The finance ministry has opened a new one-month window for district cooperative banks, commercial banks and post offices to deposit demonetised notes with RBI

1 min read22 Jun 2017
Politics

RBI launches new series of Rs500 notes, old notes continue to remain valid

The design of the new series of Rs500 notes is similar in all respects to the existing notes in Mahatma Gandhi series introduced after demonetisation last year on 8 November

1 min read13 Jun 2017
Industry

Note ban has and may continue to result in a slowdown: SBI

State Bank of India has expressed apprehensions that demonetisation may continue to result in slowing down of the economy, and adversely affect its business

1 min read11 Jun 2017
Politics

Rs1 crore in demonetised notes seized in Gujarat; 4 arrested

As many as 11,322 demonetised currency notes of Rs1,000 and Rs500, having a face value of Rs1,01,98,000, were found in a travel bag kept in the vehicle, a police official said

1 min read28 May 2017
Industry

Drop in ATM cash withdrawals, but value of transaction has increased: FIS

Average transaction value at ATMs has increased despite a drop in the number of cash withdrawals after removal of cash withdrawal limits on 13 March, says FIS MD

1 min read27 Apr 2017
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