The Reserve Bank has advised in public interest that all Rs.500 notes issued by the Reserve Bank are legal tenders and banks and members of public should continue to accept these notes in their daily transactions or in exchange. The Reserve Bank has also stated that these notes being legal tender are acceptable at the counters of bank branches and also of the Reserve Bank.It has come to the notice of the Reserve Bank of India that currency notes in the denomination of

In an effort to reach out the public, the Reserve Bank of India will now also extend the facility of making available coins of Re.1, Rs. 2, and Rs. 5 and exchanging soiled notes in Ghatkopar (W) and Bhandup (W). Members of the public in these areas may avail this facility at State Bank of India, Ashok Silk Mills Compound, Opp. Damodhar Park, L.B.S. Marg, Ghatkopar (West), Mumbai on Thursday, July 15, 1999 and Bank of Baroda, Station Road, Bhandup (West), Mumbai-400 07

In an effort to reach out the public, the Reserve Bank of India will now also extend the facility of making available coins of Re.1, Rs. 2, and Rs. 5 and exchanging soiled notes in Vile Parle (E). Members of the public in Vile Parle (E) area may avail this facility at Chatrapati Shivaji Maharaj Smarak Samiti, Prabodhankar Thackeray Jal - Taran Talav, Shivaji Raje Marg, Kol Dongri, Vile Parle (East), Mumbai-400 057 on every Monday effective from July 5, 1999 between 10

In May 1999, the Reserve Bank of India, Fort, Mumbai, embarked on a scheme of direct distribution of coins to the public in select locations of Greater Mumbai by involving voluntary service organisations/commercial banks. The network of areas covered is being expanded so that the facility can be extended to different locations. Considering the good response from the public to these efforts, it has been decided to repeat such mobile distribution of coins every week at

In an effort to reach out the public, the Reserve Bank of India will now also extendthe facility of making available coins of Re.1, Rs. 2, and Rs. 5 and exchanging soilednotes in Chembur. Members of the public in Chembur area may avail this facility at SindhiSociety Gymkhana, Nichaldas Market, 1st floor, Little Malabar Hill, near BhaktiBhavan, Mumbai-400 071 on every Thursday effective from June 10, 1999 between 10.30 a.m.to 1.30 p.m. (excluding public holidays). They

The public will now be able to exchange soiled notes of Re.1, Rs.2 and Rs.5 into coins at places where the Reserve Bank of India has offered the facility for distribution of coins.It may be recalled that in order to mitigate the hardship faced by the members of the public in accessing coins, the Reserve Bank of India has made special arrangements to make available coins to the members of the public in select market locations. Coins of Re.1, Rs.2 and Rs.5 packed in 'po

The Reserve Bank of India will shortly be issuing notes in the denomination of Rs.100 and Rs.50 in the Mahatma Gandhi Series with capital letter 'R' inset in both the numbering panels. The notes will bear the signature of Dr. Bimal Jalan, Governor. Except for this change, the design of Rs. 100 and Rs. 50 notes being issued now is similar in all respects to those issued earlier in Mahatma Gandhi series. All Rs.100 and Rs.50 notes denomination notes issued by the Reserv

In order to mitigate the hardship faced by the members of the public in accessing coins, the Reserve Bank of India has made special arrangements to make available to the members of the public in select market locations. Coins of Re.1, Rs.2 and Rs.5 packed in 'potlas' of 100 pieces each, will be issued to the public in exchange as per the following details:Place/addressDayTime 1.Lions Club at 2, Mufaddar, Church Road, Saifee Park, Marol, Andheri (East), Mumbai- 400 059

In a unique effort to reach coins to the public, the Reserve Bank of India has made arrangements for providing rupee coins in Andheri (East) through Lions Club of Marol. Coins will be distributed on Wednesday, May 26, 1999 from 10.30 A.M. at the premises of the Lions Club at 2, Mufaddar, Church Road, Saifee Park, Marol, Andheri (East), Mumbai- 400 059. This facility will be offered on every Wednesday (except holidays). Every individual will be given coins upto the val

The Reserve Bank of India will shortly be issuing Rs.10 denomination notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor with capital letter 'P' inset in both numbering panels. Except for this change, the design of Rs. 10 notes being issued now are similar to those issued earlier in the existing design. All Rs.10 notes issued by the Bank in the past will continue to be legal tender.Rupambara Padhi ManagerPress Release: 1998-99/1400

The Reserve Bank of India will shortly be issuing Rs.50 denomination notes in Mahatma Gandhi series bearing the signature of Dr. Bimal Jalan, Governor with capital letter 'A' inset in both numbering panels. Except for this change, the design of Rs.50 notes to be issued now is similar in all respects to those in the Mahatma Gandhi series issued earlier. All Rs.50 denomination notes issued by the Bank in the past will continue to be legal tender.Maureen Shankar ManagerP

The Reserve Bank of India has been authorised all the branches of public sector banks as also certain private sector banks maintaining currency chests ( the names of which are available at the concerned issue Offices of the Reserve Bank of India) to accept and exchange all types of soiled/mutilated notes which are payable under the Reserve Bank of India (Note Refund) Rules. The exchange value on the notes payable under the rules will be paid by the bank branches on th

The Reserve Bank of India will shortly be issuing Rs. 20 denomination notes bearing the signature of Dr. Bimal Jalan, Governor with capital letter 'C' inset in both numbering Panels. Except for this change, the Rs. 20 notes being issued now are similar to those issued earlier in the existing design. All Rs. 20 notes issued by the Bank in the past will continue to be legal tender. S. R. Singh ManagerPress Release : 1998-99/942

The Reserve Bank of India will shortly be issuing Rs.100 denomination notes in Mahatma Gandhi series bearing the signature of Dr. Bimal Jalan, Governor without any inset letter in both number panels. Except for this changes, the design of Rs.100 notes to be issued now is similar to those issued earlier in the Mahatma Gandhi series. All Rs.100 denomination notes in various designs, issued by the Reserve Bank in the past will continue to be legal tender. Maureen Shankar

The Reserve Bank of India will shortly be issuing Rs.10 denomination notes in Mahatma Gandhi series bearing the signature of Dr. Bimal Jalan, Governor with capital letter 'A' inset in both numbering panels. Except for this change, the design of Rs.10 notes to be issued now is similar to those issued earlier in the Mahatma Gandhi series. Rs.10 denomination notes in various designs, issued by the bank in the past will continue to be legal tender. Maureen Shankar Manager

The Reserve Bank of India will shortly be issuing Rs. 100 notes in Mahatma Gandhi series bearing the signature of Dr. Bimal Jalan, Governor, with capital letter 'L' inset in both numbering panels and incorporating words "Mahatma Gandhi" instead of "M. K. Gandhi" below the portrait of the Mahatma. Except for these changes, the design of Rs. 100 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs. 100 denominati

The Reserve Bank of India will shortly be issuing Rs.100 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor, with capital letter 'E' inset in both numbering panels. Except for these changes, the design of Rs.100 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.100 denomination notes issued by the Bank in the past will continue to be legal tender.Maureen Shankar ManagerPress Re

The Byculla Office of the Reserve Bank of India is launching a special drive from December 1, 1998 for exchange of soiled, cut and mutilated notes in the denomination of Re.1, Rs.2 and Rs.5. The admissible exchange value in accordance with RBI Note Refund Rules 1975 will be paid in the form of coins across the counter. The members of public can avail of this facility during banking hours at the Banking Hall at Reserve Bank of India's Byculla Office in Mumbai. S. R. Si

The Reserve Bank of India will shortly be issuing Rs. 50 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor. Except for this change the design of Rs. 50 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs. 50 denomination notes issued by the Bank in the past will continue to be legal tender. Alpana Killawala General Manager Press Release : 1998-99/557

The Mumbai Office of the Reserve Bank of India is launching a special drive from November 2, 1998 for exchange of soiled and cut/mutilated notes in the denominations of rupee one, Rs.2 and Rs.5. The admissible exchange value in terms of the Reserve Bank of India (Note Refund) Rules, 1975, will be paid in the form of coins across the counter. Members of public may avail of this facility at the special counters in the Banking Hall at the Reserve Bank of India, Mumbai Ma

The Reserve Bank of India will shortly be issuing Rs.500 notes in Mahatma Gandhi series bearing the signature of Dr. Bimal Jalan, Governor, with capital letter 'A' inset in both numbering panels. Except for this change, the design of the Rs.500 notes to be issued now is similar in all respects to those issued earlier in the Mahatma Gandhi Series. All Rs.500 denomination notes issued by the bank in the past will continue to be legal tender.

The Reserve Bank of India has today issued a circular to all commercial and cooperative banks clarifying that all Rs. 500 notes continue to be legal tender and should, therefore, be accepted for all transactions. The Reserve Bank has also asked banks to instruct all their branches to accept all Rs. 500 notes across their counters and eschew creating avoidable panic in the minds of the public. The Reserve Bank circular has been issued following some confusion about Rs.

A section of the press has reported that the Reserve Bank of India will withdraw from circulation the old series of notes in the denomination of Rs. 500 within two months, and replace them with a new series of notes. The Reserve Bank of India clarifies that there is no intention whatsoever of withdrawing from circulation the old series of currency notes in the denomination of Rs. 500. The notes continue to be legal tender and members of public can use all notes in cir

The Reserve Bank of India had earlier issued three series of Rs. 10 denomination notes with Mahatama gandhi' portrait, one without any inset in numbering panel and the others with capital letter 'R' and 'L' in both the numbering panels. The Reserve Bank of India will now issue Rs. 10 notes in the Mahatma Gandhi series bearing the signature of Dr. C. Rangrajan with capital letter inset 'M' in both the numbering panels. Except for this change, the design of the ten rupe