RBI

Fake Rs 10 coins: RBI denies rumours, calls them 'legal tender'

RBI clarifies that coins were issued in June with minor changes, and both old and new coins continue to be legal.

Nov 22, 2016

All you need to know about RBI guidelines to claim withdrawals of Rs 2.5 lakh for marriage expenses

The RBI is encouraging citizens to use electronic payments and bank transfers to carry out their expenses.

Nov 22, 2016

Cooperative banks severely hit due to demonetisation

With restriction on deposits and replacement of old currencies, banking operations at rural cooperative banks have come to a grinding halt.

Nov 19, 2016

RBI issues updates to FAQs on Rs 500, Rs 1,000 notes

The latest set of updates have been issued by the RBI on Friday (November 18) in the context of demonetisation.

Nov 18, 2016

Now, fake Rs 2,000 notes surface in Telangana; 2 youths booked

The incident comes merely days after a case was registered in Karnataka against an individual for circulating a colour photocopy of the new note.

Nov 14, 2016

ATMs to start dispensing new Rs 2,000 notes today or tomorrow, says Economic Affairs Secretary

The withdrawal limit has been increased to Rs 2,500 in ATMs that have been recalibrated to dispense new Rs 2,000 and Rs 500 notes.

Nov 14, 2016

Here are 19 features of the new Rs 500 currency notes the RBI has released

The notes have started reaching banks, from where it can be obtained either by currency exchange or by withdrawal.

Nov 14, 2016

Rs 500 and Rs 1,000 notes scrapped: RBI urges people to use 'alternative modes of payment,' but it's not so easy

The common man has had a tough time, because Rs 500 and Rs 1,000 currency notes form a huge chunk of the liquid cash in the market.

Nov 13, 2016

Rs 500 and Rs 1,000 notes scrapped: With ATMs not functioning, RBI urges people to be patient

The ATMs were expected to open after two days on Friday.

Nov 11, 2016

India: After effects of demonetisation of high value currency notes

Hundreds of Indian banks reopened on 10 November and are finding it difficult to tackle the huge crowd that has queued up to exchange the defunct currency notes. The banks and ATMs were shut for a day to stock up the new currency denominations after Prime Minister Narendra Modi’s government withdrew the 500 and 1,000 rupee bank notes earlier this week.

Nov 10, 2016

Rs 500 and Rs 1,000 notes scrapped: Restless people queue up in droves as banks open

While most people waited patiently, some got restless and made the task of bank officials a little more difficult.

Nov 10, 2016

'New Rs 2,000 note to come with nano GPS tracker' goes viral on WhatsApp; RBI clears the air

The FAQs detailed on RBI's official website do not mention anything about the presence of the GPS chip in the Rs 2,000 note.

Nov 10, 2016

Rs 500 and Rs 1,000 notes scrapped: Banks open today, will work through the weekend

The RBI has ordered banks to not only work on Saturday and Sunday but also ensure that they give priority to exchanging currency notes.

Nov 10, 2016

Analysts, industry experts react to ban on Rs 500, Rs 1,000 currency notes

The immediate ban on Rs 500 and Rs 1,000 currency notes announced by PM Narendra Modi took everyone by surprise.

Nov 9, 2016

Banks to work longer hours, open more counters to exchange Rs 500 and Rs 1,000 notes

The new notes will be introduced for circulation from November 10.

Nov 9, 2016

Rs 500 and Rs 1,000 notes scrapped: Here's everything you should know about the closure of banks and ATMs

Banks now have the onerous task of exchanging Rs 500 and Rs 1,000 notes and ensuring ATMs adhere to instructions given out by the RBI.

Nov 9, 2016

Here are 19 features of the new Rs 2,000 currency notes that the RBI is releasing soon

The Reserve Bank of India is releasing a new currency note of Rs 2,000 denomination soon.

Nov 9, 2016

PM Modi abolishes Rs 500 and Rs 1,000 notes from November 8 midnight; banks, ATM not open on November 9 [Image of new notes]

PM Modi has announced that people will have 50 days to exchange all these notes, as govt launches Rs 2,000 note.

Nov 8, 2016

Images of 'new' Rs 2,000 currency note go viral on social media; rumours hint at early 2017 launch

The Rs 2,000 currency notes are rumoured to be released soon. However, RBI is yet to come out with an official announcement.

Nov 7, 2016

State Bank of India slashes lending rates by 0.15%

The new marginal cost of funds based lending rate (MCLR) will be effective from November 1.

Oct 31, 2016