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The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. The series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi. Since its introduction in 1996, this series replaced all Lion Capital Series banknotes issued before 1996. The Reserve ...
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
The Reserve Bank of India has announced on 26 April 2019 that it would shortly issue a new ₹ 20 note. [8] The new denomination has a motif of Ellora Caves , a UNESCO World Heritage site in Aurangabad district , Maharashtra , India on the reverse, depicting the country's cultural heritage continuing with the theme in the Mahatma Gandhi New ...
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Government of India – 10 rupees (1910) British Indian one rupee note In 1861, the Government of India introduced its first paper money: ₹ 10 note in 1864, ₹ 5 note in 1872, ₹ 10,000 note in 1899, ₹ 100 note in 1900, ₹ 50 note in 1905, ₹ 500 note in 1907 and ₹ 1,000 note in 1909.
Banknotes of the Indian rupee include: Lion Capital Series: Banknotes of the Indian rupee printed between 1962 and 2000. Mahatma Gandhi Series: Banknotes of the Indian rupee printed between 1996 and 2018. Mahatma Gandhi New Series: Banknotes of the Indian rupee printed from 2016 to present.
[2]: 5 By the end of 1947, out of a total of Rs. 143.97 crore of high denomination banknotes, notes of the value of Rs. 134.90 crore were exchanged and notes worth Rs. 9.07 crore went out of circulation or were not exchanged. [6]: 34 It is pertinent to note that this action was opposed by the then Governor of RBI, Shri C.D. Deshmukh.
The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series.