The Science Quiz | Security features of rupee notes
8 months, 3 weeks ago

The Science Quiz | Security features of rupee notes

The Hindu  

In 2000, the Reserve Bank of India incorporated a feature in the then 500- and 1,000-rupee notes. On many currency notes, including the new rupee notes the RBI released in 2016, some designs are printed such that they rise a little over the rest of the note’s surface. On notes of the 5- and 10-rupee denominations, it contains the word ‘RBI’ in small letters, and in the notes of higher value it also includes the value of each note. At least until the previous series of banknotes, the RBI printed a rectangular image on the obverse side of the 20-, 50-, 100-, 500-, and 1,000-rupee bank notes, to the right of the Gandhi portrait. Visual: The Bharatiya Reserve Bank Note Mudran operates two currency printing presses.

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History of this topic

97.87 pc of Rs 2000 notes returned, Rs 7,581 crore still in circulation, continue to be legal tender: RBI
5 months, 3 weeks ago

97.87 pc of Rs 2000 notes returned, Rs 7,581 crore still in circulation, continue to be legal tender: RBI

India TV News  

The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday. "Thus, 97.87 per cent of the Rs …

97.76 per cent of Rs 2,000 currency notes returned, says RBI
7 months, 3 weeks ago

97.76 per cent of Rs 2,000 currency notes returned, says RBI

India TV News  

The Reserve Bank of India revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial …

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return
11 months, 3 weeks ago

RBI Says Rs 9330 Crore of 2000 Notes Yet to Return

Deccan Chronicle  

HYDERABAD: The Reserve Bank of India on Monday said that banks have received 97.38 per cent of the Rs 2,000 denomination banknotes in circulation and only Rs 9330 crore worth of such notes are remaining with the public. The RBI had announced the withdrawal of Rs 2,000 denomination bank notes from circulation on May 19. People can still deposit and/or …

97.26 per cent of Rs 2000 notes returned, denomination continues to be legal tender: RBI
1 year ago

97.26 per cent of Rs 2000 notes returned, denomination continues to be legal tender: RBI

India TV News  

The Reserve Bank of India on Friday stated that 97.26 per cent of the Rs 2,000 banknotes have been returned to the baking system. Rs 2000 banknotes still in circulation The central bank also said that about 2.7 per cent of Rs 2,000 banknotes are still in circulation, about two months after the deadline to deposit or exchange them at …

More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI
1 year, 1 month ago

More than 97 per cent of Rs 2,000 notes returned, Rs 10,000 cr worth currency still with public: RBI

India TV News  

The Reserve Bank of India on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system. The RBI in a statement said, "The total value of Rs 2,000 banknotes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when …

RBI not considering re-introduction of Rs 1,000 notes: Sources
1 year, 2 months ago

RBI not considering re-introduction of Rs 1,000 notes: Sources

India TV News  

The Reserve Bank of India is not mulling re-introduction of Rs 1,000 currency notes, sources said, amid speculations that Rs 1,000 notes may be re-introduced after the RBI announced the withdrawal of Rs 2,000 currency notes. Demonetisation On November 8, 2016, Prime Minister Narendra Modi addressed the nation and announced the demonetisation of Rs 500 and Rs 1,000 currency notes. …

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt
1 year, 4 months ago

Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt

Live Mint  

New Delhi: Indian banks have received ₹2.72 trillion worth of ₹2,000 banknotes up to 30 June, after the Reserve Bank of India announced their withdrawal on 19 May, said Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha. In a surprise move, RBI announced withdrawal of ₹2,000 notes from circulation but …

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin
1 year, 6 months ago

Currency In Circulation Dips To 5.3% Due To Rs 2,000 Note withdrawal; Digital Payments Rise RBI Bulletin

ABP News  

Currency in circulation, which is the largest part of the reserve money, declined to 5.3 per cent from 8.3 per cent in the year-ago period due to the withdrawal of Rs 2,000 notes from circulation and an increase in digital mode of payments, the Reserve Bank of India said in its bulletin on Friday. The RBI also reported that reserve …

Data | ₹2,000 Banknotes: A fading presence as RBI decides to withdraw from circulation
1 year, 6 months ago

Data | ₹2,000 Banknotes: A fading presence as RBI decides to withdraw from circulation

The Hindu  

The Reserve Bank of India ’s move to withdraw ₹2,000 banknotes from circulation on May 19, 2023, was a stark reminder of the ghosts of demonetisation.In a press release, the central bank justified the move by stating that the banknote, which was introduced to meet the currency requirement after ₹500 and ₹1,000 banknotes were withdrawn in November 2016, had fulfilled …

About 80% choose to deposit Rs2000 notes instead of exchanging: Report
1 year, 6 months ago

About 80% choose to deposit Rs2000 notes instead of exchanging: Report

Hindustan Times  

About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In May, the Reserve Bank of India said it would withdraw these high-value notes from circulation and permitted their exchange or …

Rs 2000 Note Exchange: SC Declines Urgent Hearing For Plea Challenging Notifications Allowing Currency Exchange Without ID Proof
1 year, 6 months ago

Rs 2000 Note Exchange: SC Declines Urgent Hearing For Plea Challenging Notifications Allowing Currency Exchange Without ID Proof

ABP News  

The Supreme Court on Thursday declined urgent hearing of an appeal against the Delhi High Court order which dismissed a plea challenging the RBI’s decision permitting citizens to exchange Rs 2000 banknotes without any requisition slip and ID proof, as reported by ANI. The vacation bench of the apex court comprising Justice Sudhanshu Dhulia and Justice KV Viswanathan rejected the …

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea
1 year, 6 months ago

Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea

India TV News  

The Delhi High Court on Monday dismissed a petition challenging the notifications enabling the exchange of Rs 2,000 denomination currency notes without any requisition slip and ID proof, saying it has been done to avoid inconvenience to citizens, and the court cannot sit as an appellate authority on a policy decision. The high court said the Public Interest Litigation is …

Rs 2000 Note Exchange Delhi High Court Dismisses PIL Challenging Notifications Allowing Notes Without ID Proof
1 year, 6 months ago

Rs 2000 Note Exchange Delhi High Court Dismisses PIL Challenging Notifications Allowing Notes Without ID Proof

ABP News  

The Delhi High Court on Monday dismissed a PIL challenging the Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof, reported by ANI. Delhi High Court dismisses PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange …

All You Need To Know About Printing And Production Of Currency Notes
1 year, 7 months ago

All You Need To Know About Printing And Production Of Currency Notes

News 18  

Sher Shah Suri coined the term “Rupee” to describe Indian currency. The Reserve Bank of India recently announced the withdrawal of Rs 2000 currency notes. The Reserve Bank of India is responsible for printing currency notes. The RBI incurs the highest cost in printing the Rs 10 currency notes. At the same time, it costs Rs 1130 to print one …

RBI defends before Delhi HC ₹2,000 banknote exchange exercise
1 year, 7 months ago

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Hindu  

The Reserve Bank of India on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience. The petitioner has contended in his plea that notifications by the RBI and SBI enabling exchange of ₹2,000 banknotes without requisition slip and identity …

Rs 2000 Note Exchange: Punjab National Bank Clarifies There's No Need To Show ID Card, Fill Form
1 year, 7 months ago

Rs 2000 Note Exchange: Punjab National Bank Clarifies There's No Need To Show ID Card, Fill Form

ABP News  

State-run lender Punjab National Bank on Tuesday said there is no need to show any identity proof such as Aadhaar card or present any official verified documents as well as need to fill any form at any of its branches to exchange Rs 2000 currency notes, according to news agency ANI. The latest notification comes from PNB after old bank …

Purpose Of Printing Rs 2,000 Currency Notes Has Been Fulfilled: RBI Governor Shaktikanta Das
1 year, 7 months ago

Purpose Of Printing Rs 2,000 Currency Notes Has Been Fulfilled: RBI Governor Shaktikanta Das

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Monday said that the purpose of printing Rs 2,000 notes has been fulfilled. "We expect most of Rs 2,000 banknotes to come back to exchequer by September 30 as the withdrawal of Rs 2,000 banknotes is a part of the currency management," the governor said. We have more than adequate quantity of …

Why has RBI withdrawn Rs 2000 notes? How is this different from demonetisation?
1 year, 7 months ago

Why has RBI withdrawn Rs 2000 notes? How is this different from demonetisation?

Firstpost  

The Rs 2000 denomination of banknotes will no longer be in use. “In view of the above, and in pursuance of the ‘Clean Note Policy’ of the Reserve Bank of India, it has been decided to withdraw the Rs 2000 denomination banknotes from circulation,” the RBI said. Reserve Bank of India has advised banks to stop issuing Rs 2000 denomination …

Why RBI is withdrawing Rs 2,000 notes from circulation?
1 year, 7 months ago

Why RBI is withdrawing Rs 2,000 notes from circulation?

India TV News  

Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. The exchange of Rs 2,000 notes into bank notes of other denominations can be made upto a limit of Rs 20,000 at a …

What bankers should know about circulation, deposit, and exchange of ₹2000 notes
1 year, 7 months ago

What bankers should know about circulation, deposit, and exchange of ₹2000 notes

Hindustan Times  

The Reserve Bank of India Governor Shaktikanta Das on Monday said that people should not rush to the banks to exchange ₹2,000 currency notes as the deadline of the same four months away. The RBI has outlined a plan of action for banks to ensure a smooth transition: Handling of existing stock and receipts: Banks must discontinue the issuance of …

RBI Withdraws Rs 2000 Currency Note From Circulation How To Exchange From Banks Which Date
1 year, 7 months ago

RBI Withdraws Rs 2000 Currency Note From Circulation How To Exchange From Banks Which Date

ABP News  

More than six years after it was introduced in November 2016, the Reserve Bank of India has decided to withdraw Rs 2,000 notes from circulation. The RBI introduced the Rs 2,000 note in November 2016 after after Prime Minister Narendra Modi demonetised Rs 1,000 and Rs 500 notes overnight in a bid to curtail black money, eradicate fake currency notes, …

RBI website crashes after announcing the scrapping of ₹2,000 notes
1 year, 7 months ago

RBI website crashes after announcing the scrapping of ₹2,000 notes

Hindustan Times  

After the Reserve Bank of India announced the scrapping of the seven-year-old ₹2000 notes, the official website of the central bank crashed as people rushed to know more details about the announcement. Earlier, the website had faced a similar fate following heavy traffic after PM Narendra Modi's surprise demonetisation of ₹500 and ₹1,000 notes in November 2016. Notably, the ₹2,000 …

RBI circular on ₹2000 currency notes withdrawal: Read full text here
1 year, 7 months ago

RBI circular on ₹2000 currency notes withdrawal: Read full text here

Hindustan Times  

The Reserve Bank of India on Friday withdrew ₹2,000 currency notes from circulation and urged holders to deposit the notes by September 30. 2000 ₹ Currency Note withdrawn Read the RBI circular on withdrawal of ₹ 2000 The 2000 denomination banknote was introduced in November 2016 under Section 24 of RBI Act, 1934, primarily to meet the currency requirement of …

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender
1 year, 7 months ago

BREAKING | RBI Will Withdraw ₹2000 Notes From Circulation But They Will Continue As Legal Tender

Live Law  

The Reserve Bank of India today announced that it will withdraw ₹2000 notes from circulation. However, the currency will continue as Legal Tender.As per RBI, this denomination is not commonly used for transactions.People may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch, RBI said. People may deposit ₹2000 banknotes …

RBI to withdraw ₹2000 currency note from circulation
1 year, 7 months ago

RBI to withdraw ₹2000 currency note from circulation

Hindustan Times  

The Reserve Bank of India on Friday withdrew ₹2,000 currency notes from circulation. The ₹2,000 denomination bank note was introduced in November 2016 after the Modi government had introduced demonetisation of ₹500 and ₹1,000 notes. As per RBI, the objective of introducing ₹2,000 notes was met once banknotes in other denominations became available in adequate quantities. The people may deposit …

RBI to withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender
1 year, 7 months ago

RBI to withdraw Rs 2,000 currency note from circulation but it will continue to be legal tender

India TV News  

Reserve Bank of India on Friday said it will withdraw Rs 2000 currency note from circulation. RBI advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect though banknotes in Rs 2,000 denomination. The Reserve Bank of India on Friday announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited …

BJP MP Sushil Modi on why ₹2,000 currency note should be phased out
2 years ago

BJP MP Sushil Modi on why ₹2,000 currency note should be phased out

Hindustan Times  

Claiming that ₹2,000 currency note is being used for terror funding, drug trafficking and hoarding black money, Bharatiya Janata Party Rajya Sabha MP Sushil Kumar Modi on Monday demanded its gradual phase out. "While the ₹2,000 currency note was introduced by the RBI to replace the demonetised ₹500 and ₹1000 notes at a faster pace in 2016, their printing has …

Number of ₹2000 currency notes in circulation continue to decline
2 years, 6 months ago

Number of ₹2000 currency notes in circulation continue to decline

The Hindu  

The number of banknotes of ₹2000 denomination has steadily declined over the years to touch 214 crore or 1.6% of the total currency notes in circulation at the end of March this year, according to RBI annual report. At the end of March 2020, the number of ₹2000 denomination notes in circulation stood at 274 crore, accounting for 2.4% of …

Rs 2,000 notes withdrawn from circulation: The full story
2 years, 8 months ago

Rs 2,000 notes withdrawn from circulation: The full story

The Hindu  

W hen was the last time you held a pink currency note of Rs.2000 in your hand? According to Roy, as per the RBI’s annual report, the supply of Rs.2000 notes from the three currency presses—Bhartiya Reserve Bank Note Mudran Private Limited Bangalore, Nashik Currency Note Press and Bank Note Press Devas—is different from the circulation figures shown in the …

Rs 2,000 Notes Not Printed in Last 2 Years, Govt Tells Lok Sabha
3 years, 9 months ago

Rs 2,000 Notes Not Printed in Last 2 Years, Govt Tells Lok Sabha

News 18  

Rs 2,000 currency notes have not been printed in the last two years even as the quantum of India’s highest denomination currency note has come down, the Lok Sabha was informed Monday. In a written reply, Minister of State for Finance Anurag Singh Thakur said 3,362 million currency notes of Rs 2000 denomination were in circulation on March 30, 2018, …

₹2,000 notes were not printed in 2019-20: RBI annual report
4 years, 3 months ago

₹2,000 notes were not printed in 2019-20: RBI annual report

The Hindu  

Currency notes of ₹2,000 denomination were not printed in 2019-20 and the circulation of these notes have declined over the year, according to RBI’s annual report. The number of ₹2,000 currency notes in circulation has come down from 33,632 lakh pieces at end-March 2018 to 32,910 lakh pieces at end-March 2019 and further to 27,398 lakh pieces at end-March 2020, …

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