Rs 500 Notes

RBI likely to release Rs 200 notes in market in August, stops printing Rs 2,000, says report

Nearly 100 billion Rs 200 notes are expected to be circulated in the market

Demonetisation: RBI to hire currency verification system to segregate fake notes from banned ones

The central bank is currently engaged in counting huge pile of old Rs 500/1000 notes which were scrapped following demonetisation on 9 November, 2016.

Demonetisation: Govt gives a month for cooperative banks, post offices to deposit old notes with RBI

Cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by 14 November, the day RBI barred them from dealing in old notes

Demonetisation will hit agriculture, informal sector workers the most: Study

The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers — about 482 million people who earn cash incomes — and disrupt India’s consumption patterns for at least the next quarter.

Demonetisation Day 50: Deadline to deposit old Rs 500, Rs 1,000 notes ends today; crunch to continue

The government is also planning to come out with an Ordinance making possession of old Rs 500/1,000 notes beyond a specified limit for numismatic purposes illegal and punishable.

RBI and its broken promise: Is there no sanctity to the promissory notes?

The draconian punishments announced for keeping more than 10 notes of demonetised currency including a four-year jail sentence seems to be a defence mechanism to discourage any trigger happy Public Interest Litigator from suing the Reserve Bank of India (RBI) for breaking its promise.

Demonetisation Day 37: New notes far more secure, says EA secy Shaktikanta Das

People can use old Rs 500 notes for paying utility bills or buying medicines till Thursday midnight as the government has decided not to extend exemptions beyond 15 December.

In the time of demonetisation, it is the small change that comes to the rescue

The Income Tax Department may not tax, penalise or even frown at much of the hoarded money that is coming out — it is the small change, in coins, of Re 1, Rs 2, 5, and 10.

Demonetisation one month: What defines the success of note ban?

How would we evaluate the success of the scheme? Will it be in terms of the gains in revenue relative to loss of GDP? Or will it be the measure of currency lost in the system?

Demonetisation: Heavy rush of vehicles at petrol pumps to use old currency as deadline ends

But RBI, after the demonetisation move, is making available new currency notes and we are expecting the situation will ease," said PNB general manager