Currency Management

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