Ellora Caves motif of greenish-yellow Rs 20 denomination banknotes

The Reserve Bank of India (RBI) has recently announced that it will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series. The new denomination has motif of Ellora Caves on the reverse that depicts the country’s cultural heritage. It also contains a portrait of Mahatma Gandhi at the centre, with micro letters ..

Topics: Banknote • Banknotes • Currency • Indian 20-rupee note • Indian 2000-rupee note • Mahatma Gandhi • Mahatma Gandhi New Series • Reserve Bank of India • Rupee

New Rs 50 Banknotes to be introduced in Mahatma Gandhi Series

The Reserve Bank of India has announced that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005. The new notes will have inset letter ‘L’, ‘R’ in both the number panels with the signature of Dr Urjit R.Patel. The year of printing ‘2016’ will be printed on the reverse of the banknote. ..

Topics: Banknote • Banknotes • Currency • Economy • Indian 2000-rupee note • Legal tender • Mahatma Gandhi New Series • Mahatma Gandhi Series • Reserve Bank of India • Rupee

Government denies intentions to demonetise 100 and 50 rupee notes

The union government has categorically said that it has no intention to demonetise Rs 100 and Rs 50 notes to dispel rumours which are making rounds in various platforms like social media. It has issued a series of tweets to dispel the myths. Key announcements It has no intention to demonetise Rs 100 and Rs ..

Topics: Banknote • Business law • Currency • Economy • Indian 2000-rupee note • Indian banknote demonetisation • Legal tender • Monetary reform • Monetization