Rupee Circulation
- All
- News
- Videos
-
RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
-
Over 97% Of Rs 2,000 Notes Have Been Returned: RBI
The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with the public.
-
Half Of Rs 2,000 Notes In Circulation Have Come Back In 3 Weeks, Says RBI
The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.
-
"Won't Affect Common Man": Ex-Chief Economic Adviser On Rs 2,000 Note Order
Former Chief Economic Adviser Krishnamurthy Subramanian on Saturday said the Reserve Bank of India (RBI)'s withdrawal of the circulation of Rs 2,000 note "will not affect the common man of the society".
-
Move To Withdraw Rs 2,000 Notes Affects Only 11% Currency In Circulation
The Reserve Bank of India is withdrawing the highest-value currency note just months before an election, when cash in circulation typically surges.
-
E-Rupee Worth Over Rs. 130 Crore in Circulation, Says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said on Monday that Digital or e-rupee worth over Rs 130 crore was in circulation on a pilot basis as of February 28. "As on February 28, 2023, the total digital rupee - Retail (e₹-R) and digital rupee - wholesale (e₹-W) in circulation is Rs 4.14 crore and Rs 126.27 crore, respectively," Sitharaman said in a ...
-
New Rs 100 Note In Lavender Features Gujarat's 'Rani Ki Vav'
The Reserve Bank of India (RBI) has given a fresh lavender wash to the new Rs 100 note which will be in circulation by next month. Two years ago, when Prime Minister Narendra Modi had announced demonetization of Rs 1,000 and Rs 500 notes, the powder blue Rs 100 note was left untouched. It was soon the most sought-after currency note in India till t...
-
CBSE Paper Leak: A Tale Of Friendship Gone Awry
A desire to help their friend for a few thousand rupees led Rishabh and Rohit--the duo arrested in the CBSE paper leak case--commit the crime, a police official said on Sunday.
-
Re 1 Note To Return After 22 Years With New Features: 10 Points
The one rupee note will be back after 22 years. The government today said the smallest denomination note is printed and ready for release soon. The Re 1 note was discontinued in 1994. The next year, Rs 2 and Rs 5 notes were also pulled out to free printing facilities for higher denomination notes. The old notes are still in circulation and remain l...
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
-
RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
-
Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
-
In A First, Kerala Cooperative Bank Switches To E-Cash With New App
The old 500, 1000 rupee notes having gone out of circulation, a cooperative bank in Kerala's Kozhikode district has broken new grounds by launching its own digital app. The Thenipalam Co-operative Rural Bank, located in Thenipalam panchayat, has around 21,000 savings accounts and the app has been downloaded over 1,000 times in the last 20 days.
-
On November 8, Reserve Bank Had A Third Of Money Being Banned In New 2,000-Rupee Notes
On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.
-
Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
-
RBI Governor Says Permanent Deletion of Transactions Would Make CBDCs Like Cash Notes
RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee. Speaking at the BIS Innovation Summit 2024, in Basel, Switzerland, Das has said that India’s CBDC would offer the same privacy for transactions that cash notes offer.
-
Over 97% Of Rs 2,000 Notes Have Been Returned: RBI
The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the banking system, and only Rs 10,000 crore worth of such notes are still with the public.
-
Half Of Rs 2,000 Notes In Circulation Have Come Back In 3 Weeks, Says RBI
The Reserve Bank of India said today that 50 per cent of the Rs 2,000 notes in circulation have come back, around 20 days after their withdrawal was announced.
-
"Won't Affect Common Man": Ex-Chief Economic Adviser On Rs 2,000 Note Order
Former Chief Economic Adviser Krishnamurthy Subramanian on Saturday said the Reserve Bank of India (RBI)'s withdrawal of the circulation of Rs 2,000 note "will not affect the common man of the society".
-
Move To Withdraw Rs 2,000 Notes Affects Only 11% Currency In Circulation
The Reserve Bank of India is withdrawing the highest-value currency note just months before an election, when cash in circulation typically surges.
-
E-Rupee Worth Over Rs. 130 Crore in Circulation, Says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said on Monday that Digital or e-rupee worth over Rs 130 crore was in circulation on a pilot basis as of February 28. "As on February 28, 2023, the total digital rupee - Retail (e₹-R) and digital rupee - wholesale (e₹-W) in circulation is Rs 4.14 crore and Rs 126.27 crore, respectively," Sitharaman said in a ...
-
New Rs 100 Note In Lavender Features Gujarat's 'Rani Ki Vav'
The Reserve Bank of India (RBI) has given a fresh lavender wash to the new Rs 100 note which will be in circulation by next month. Two years ago, when Prime Minister Narendra Modi had announced demonetization of Rs 1,000 and Rs 500 notes, the powder blue Rs 100 note was left untouched. It was soon the most sought-after currency note in India till t...
-
CBSE Paper Leak: A Tale Of Friendship Gone Awry
A desire to help their friend for a few thousand rupees led Rishabh and Rohit--the duo arrested in the CBSE paper leak case--commit the crime, a police official said on Sunday.
-
Re 1 Note To Return After 22 Years With New Features: 10 Points
The one rupee note will be back after 22 years. The government today said the smallest denomination note is printed and ready for release soon. The Re 1 note was discontinued in 1994. The next year, Rs 2 and Rs 5 notes were also pulled out to free printing facilities for higher denomination notes. The old notes are still in circulation and remain l...
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
-
RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
-
Last Day To Deposit Old Rs 500 And Rs 1000 Notes Before Steep Fines Kick In: 10 Facts
Fifty days after the government banned most of the cash in circulation without warning, the deadline to deposit outlawed 500 and 1,000-rupee notes ends today. From tomorrow, it will be illegal to have old notes barring exceptions. The cash crunch and queues at ATMs may continue because of the huge demand for new bills. Prime Minister Narendra Modi ...
-
In A First, Kerala Cooperative Bank Switches To E-Cash With New App
The old 500, 1000 rupee notes having gone out of circulation, a cooperative bank in Kerala's Kozhikode district has broken new grounds by launching its own digital app. The Thenipalam Co-operative Rural Bank, located in Thenipalam panchayat, has around 21,000 savings accounts and the app has been downloaded over 1,000 times in the last 20 days.
-
On November 8, Reserve Bank Had A Third Of Money Being Banned In New 2,000-Rupee Notes
On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.
-
Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
