Search results
Results from the WOW.Com Content Network
On 28 October 2016, the total banknotes in circulation in India were valued at ₹17.77 trillion; what proportion of this derived from ₹500 and ₹1,000 banknotes was unknown. In its annual report of March 2016, the Reserve Bank of India (RBI) stated that total banknotes in circulation valued ₹16.42 trillion, of which nearly 86% (around ...
The first ordinance, the Bank Notes (Declaration of Holdings) Ordinance, 1946, required all banks and government treasuries in British India to furnish a statement of the amount of bank notes they were holding as of 11th January 1946. The second ordinance, the High Denomination Bank Notes (Demonetisation) Ordinance, 1946, demonetised bank notes ...
Banknotes of denominations of ₹5, ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1000 of the Mahatma Gandhi Series. 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.
The Indian 10-rupee banknote (₹ 10) is a common denomination of the Indian rupee.The ₹ 10 note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996.
On 8 November 2016, the Government of India announced the demonetisation of ₹ 500 and ₹ 1,000 banknotes [68] [69] with effect from midnight of the same day, making these notes invalid. [70] A newly redesigned series of ₹ 500 banknote , in addition to a new denomination of ₹ 2,000 banknote is in circulation since 10 November 2016.
The British India banknotes of King George V were also printed in England. In 1928, the India Security Press at Nasik became functional and took over from the Bank of England Press the printing of notes. In 1935, the Reserve Bank of India was established, and since then it has been the only currency-issuing authority and monetary agency for ...
100-rupee banknote, signed by RBI governor S. Venkitaramanan.. The first 100-rupee note featured the portrait of George VI.After independence in 1947, Reserve Bank of India continued to issue the notes by replacing the portrait of George VI with the Emblem of India, as a part of the Lion Capital Series of banknotes.
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.