The Reserve Bank of India will shortly issue Rs.50/- denomination banknotes with 'R' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on August 24, 2005. All banknotes in the denomination o

The Reserve Bank of India will shortly issue Rs.500/- denomination banknotes with `E' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on October 21, 2005. All banknotes in the denomination

It has come to the notice of the Reserve Bank of India that certain establishments are adopting restrictive practices such as not accepting notes of certain denominations or series etc. The Reserve Bank of India, therefore considers it necessary to emphasise that all government/semi-government offices, public/ private sector institutions and also any other organisation/establishment/ individual accepting cash should desist from such practices. For further information

The Reserve Bank of India will shortly put in to circulation new commemorative circulation coins of Rs.5/- denomination (Nickel Brass) issued by Government of India on the occasion of "Saint Alphonsa Birth Centenary". Shape and Outside diameter No.of serrations Metal composition Circular 23 milimetres (Bi-metallic) 100 Nickel Brass containing Copper – 75% Zinc – 20% Nickel – 5% Design: Obverse: This face of the coin shall bear the "Lion Capitol" of Ashoka Pillar with

The Reserve Bank of India will shortly issue Rs.5/- denomination banknotes with inset letter 'L' in the numbering panel in Mahatma Gandhi Series, bearing signature of Dr.D.Subbarao, Governor. Except for the change in signature and inset letter the design of these notes to be issued now is similar in all respects to those issued earlier in Mahatma Gandhi Series. All Rs.5/- denomination banknotes issued by the Bank in the past will continue to be legal tender. Ajit Pras

Some newspapers have been erroneously quoting Nayak Committee report for estimates of forged currency notes in circulation in India. The Reserve Bank clarifies that: There is no estimate of forged notes in circulation by any agency. The Nayak Committee, which was set up in 1988, to go into the dynamics of currency management had, in its report, estimated the value of notes in circulation (genuine notes) in the year 2000 at Rs.1,69,000 crore. The Nayak Committee did no

The Reserve Bank of India will shortly issue Rs.100/- denomination banknotes with `F' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on August 24, 2005. All banknotes in the denomination

The Reserve Bank of India will shortly issue Rs.50 denomination banknotes without inset letter in both numbering panels in Mahatma Gandhi Series - 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series - 2005, with additional / new security features issued on August 24, 2005. All banknotes in the denomination of R

The Reserve Bank of India will shortly issue Rs.1000/- denomination banknotes with `L' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on October 21, 2005. All banknotes in the denominatio

The Reserve Bank of India will shortly issue Rs.20/- denomination banknotes with `E' inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series – 2005, with additional / new security features issued on August 16, 2006. All banknotes in the denomination o