Soon new Rs 100 currency notes in circulation: Reserve Bank Of India

New Rs 100 currency notes in circulation soon


The Reserve Bank will soon put into circulation new Rs 100 currency notes; which will be similar to the design of the ones in Mahatma Gandhi Series-2005.

“The Reserve Bank will shortly issue Rs 100 denomination banksnotes in the Mahatma Gandhi Series-2005, with the inset letter R in both the number panels; bearing the signature of Dr Urjit R Patel, Governor, Reserve Bank of India,” RBI said in a notification.

The year of printing ‘2017’ will be on the reverse of the banknote.
new rs 100 currency notesAmong the features of the banknotes; there would be ascending size of numerals in the number panels, bleed lines, and enlarged identification mark on the obverse.

homeremedies_add All the banknotes in the denomination of Rs 100 issued by the Bank in the past will continue to be legal tender, RBI added.

Incoming search for:

new Rs 100 banknotes

100 rupee note

indian currency notes

10 rs note

new 100 rupee note

Viral Truth – AXIS bank license is going to cancel?

axis-bank-new-delhi-branch

AXIS bank


Due to illegal note exchange, AXIS bank license going to cancel. This viral truth is spread everywhere. RBI explained about this rumour. Some branches of bank in Delhi, exchanged the notes unlawfully. Government has arrested the bank employees involved in this racket of illegal not exchange.

AXIS BANK - RBI

Due to illegal old 500 and 1000 notes exchange, RBI is going to cancel the licence of AXIS bank soon, please close your bank accounts in AXIS bank and withdraw all money as soon as possible.This message is spread everywhere and people are really getting worries now due to this RBI’s declaration.

RBI’S Explanation

But RBI explained that this is rumour, we’re not going to cancel the license of AXIS bank.

“The Reserve Bank clarifies that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of Specified Bank Notes in a few branches of the bank,”.

AXIS Bank’s illegal Note Exchange Racket

Due to unlawful old currency exchange, ED has arrested around 19 employees of bank.
AXIS bank called the KPMG for forensics audit of this illegal note exchange.

homeremedies_add

Out of 19 arrested employees, 6 are from Delhi’s Kashmir Gate bank. Bank and government is going to take strict action on them, we’re not going to give them any excuse, bank manager explained in report.

3 kilogram gold also found with those two officers.

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Cyber attack on AXIS Bank but no loss to customers.

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ATM withdrawal limit is raised to Rs. 2500 and cash exchange limit has been increased to Rs. 4500!

ATM Withdrawal Limit


ATM withdrawal limit has been changed by RBI once notes of Rs.500 and Rs.1000 has been banned.

But on 13th November 2016 (Sunday), government has removed the limit on ATM withdrawal from Rs. 2000 to Rs. 2500 and cash exchange limit is increased to Rs. 4500.

ATM withdrawal limit - RBI

Weekly and Daily Withdrawal

Previously, a person can easily withdrawal Rs.10,000 from bank account through ATM which is temporarily removed where as now you can withdrawal only Rs.24,000 on weekly basis.

The finance ministry is planning with RBI, banks and post offices to make notes available in all areas in county. Banks and post offices are instructed to make sure the availability of notes in all areas.

“Banks have also been specially advised to ensure availability and distribution of small denomination notes.”

“Coordination is being continuously done by the ministry of finance with RBI, banks and post offices to make all denomination notes available at all locations.”

A finance ministry 

 

ATM withdrawal limit - ATM

Annual Life Certificate submission date

Annual life certificate submission date is now extended to January 15, 2017 for pensioners. The Annual life certificate is needed to confirm that they are alive.

We should appreciate the hard-efforts which banks employees are taking. It’s time to be patient and handle the situation with cooperation!! 🙂

 

Fake Rs. 2000 currency note found in Karnataka’s Chikkamagaluru

Karnataka:It has been just two day when Banks started distributing new currency notes of Rs. 500 and 2000 to the people. A farmer of Chikkamagaluru just received the fake Rs. 2000 note.

Ashok, a farmer in Chikkamagaluru was selling onions in the market when an unknown man handed him over Rs 2000 note after a purchase. Afterwards Ashok showed the note to his friends, who discovered that the note is a photocopy of the original note. The edges of fake note are trimmed with scissor.

It was a photocopy of the original notes… anybody can notice it easily. The person was given the copy by a man in APMC market, Superintendent of Police K. Annamalai said.

Tips to identify real Rs. 2000 currency note:

There will also be a latent image with the denominational numeral Rs. 2000, which can be seen when the bank note is held at a 45 degree angle at the eye level.

rs-2000-real
The note will also have a colour-shifting windowed security thread with the inscription ‘भारत’, RBI and 2,000.

The colour of the thread will change from green to blue when the note is tilted.

For the visually-impaired, there will a raised print of Mahatma Gandhi’s portrait, the Ashoka Pillar emblem, bleed lines and identity marks.

Rs. 2000
The RBI said the 2,000 rupees notes have a motif of the Mangalayan, India’s Mars mission and the base colour is magenta.

₹2000 Note by Reserve Bank Of India (RBI) – First look!!!!

VIRAL NEWS, is there a huge mistake in new currency of Rs 2000?

Nasik Currency Note Press handed 50 lakh new Rs. 500 note to RBI

Nasik Currency Note Press printing new currency notes at high speed

Nasik: The Currency Note Press in Nashik has started dispatched new notes of Rs 500 denomination to the RBI.The CNP Nasik is also printing notes of Rs 20, Rs 50 and Rs 100 in large numbers. The RBI has already printed the Rs 2,000 & Rs 500 notes at its two printing units in Mysore in Karnataka and Salboni in West Bengal.

According to sources, Currency Note Press has been given a target of 400 million pieces of the Rs 500 note by the end of the current financial year. The printing of the notes started two weeks ago.

Currency note press

The CNP, which is one of the nine units of the Security Printing and Minting Corporation of India Ltd (SPMCIL), is also printing notes of Rs 20, Rs 50 and Rs 100 in large numbers, the official said.

The CNP has already sent the first consignment of five million pieces of the new Rs 500 note and another five million pieces are to be dispatched by Wednesday,” an official said on Saturday.

Sources said that the RBI has already printed the Rs 2,000 and Rs 500 notes at its two printing units in Mysore in Karnataka and Salboni in West Bengal. The Rs 500 note is being printed at SPMCIL’s two presses in Nashik and Dewas in Madhya Pradesh.

 

Currency Note Press Nashik received the order to stop printing notes of Rs 500-1000 two months ago.

Historic tour of Indian currency notes till now: It will amaze you

VIRAL NEWS, is there a huge mistake in new currency of Rs 2000?

 

Historic tour of Indian currency notes till now: It will amaze you

Indian currency is as historic as the Indian civilization. This history of coins and notes is as interesting as it is long.

Historic facts of Indian currency:

1. The one rupee note was the first banknote printed by independent India.

old_one_rupee

2. 10,000 rupees is the highest denomination RBI has printed in its history. 1,000 rupees and 10,000 rupees notes were in circulation between 1938 and 1946 but were eventually demonetised.

10000
3. Paper money was first issued in the late eighteenth century. Bank of Hindostan, General Bank in Bengal and the Bengal Bank are the first banks to have issued paper currency.

boh
4. Denominations of 1 paise, 2 paise, 3 paise, 5 paise, 10 paise, 20 paise and 25 paise were in circulation till June 30, 2011 but were then withdrawn.

5. The Reserve Bank of India was formally inaugurated in 1935 and was empowered to issue Government of India notes.

6. 1,000 rupees, 5,000 rupees and 10,000 rupees notes were reintroduced in 1954 and demonetized in 1978.

7. After Independence, Pakistan used Indian Rupee notes stamped with ‘Pakistan’ until it could print enough.

8. One rupee notes are issued by the Ministry of Finance and bear the signature of the Secretary.

9. Our Indian currency have Braille signs to help the visually challenged, which gives hope to the blind –identify currency note. There were identification mark’s on the left side of banknote, which have different shapes for 1000, 500, 100, 50, 20 and 10 as Diamond, Circle, Triangle, Square, Rectangle and None respectively.

10. In 2010 Indian rupee symbol  was adopted. D.Udaya Kumar is the creator of the rupee symbol. The symbol was derived from Devanagari letter “र” (ra). The symbol is a combination of the Latin letter “R” and Devanagari letter “र”. The parallel line in the symbol is given to make it look like tricolor of Indian national flag.

Historic tour of Indian currency notes:

old

old_one

1

one

old_2

2rs

old_5

5rs_old

5

5rs

10_old

10

10rss

10rsnote

10rs_new

old_20

old_20_rupee_note

20

20_new

old_50_rupee_note

50

50rs_new

old_100rs

100

100rs

100rsnote1

100rs_new

500note

500

500_new

1000rs

1000_old

Indain currency

5000

10000

Mr. PM Narendra Modi’s Historic move to stop corruption in INDIA

Rs. 500 and Rs 1000 old currency notes will no longer be legal tender as of 08th November 2016

Your questions- RBI’s Answers!! Why ₹500 and ₹1000 notes banned??

 

 

What RBI is going to do with old currency notes of 500 and 1000 rupees?

What RBI is going to do with old currency notes of 500 and 1000 rupees

Currency Verification and Processing System of Reserve Bank of India (RBI).


Notes of Rs 500 and 1000 has been banned by Government of India with the help of RBI since November 8 2016 but they have still given chance to people to change notes till 30th December 2016. At this moment, some limit has been applied for currency exchange and you can only change Rs. 4000 per person.

Since 10th November people have started changing currency and money is going to collect in the various banks.

But, you still might have question in your mind, what RBI is going to do with old currency notes of 500 and 1000 rupees?

What RBI is going to do with old currency notes of 500 and 1000 rupees

 

In this process, RBI is first going to collect all Rs 500 and 1000 notes from various banks across country and then using currency verification and processing system (CVPS), they can identify all fake and original currencies.

Original currencies

Later, original currency will be given either to the contractor to fill up the lands or create new currencies.

Fake Currencies

We all know that there is huge amount of fake currencies circulated around the country so this can also be reused by RBI to create paper plate, calendar and files.

So guys, I hope you now understand what happens with old currencies.

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Currency Note Press Nashik received the order to stop printing notes of Rs 500-1000 two months ago.

Your questions- RBI’s Answers!! Why ₹500 and ₹1000 notes banned??

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Rs. 500 and Rs 1000 old currency notes will no longer be legal tender as of 08th November 2016

No Extra Charges for ATM withdrawals till 30th December 2016

No extra charges with ATM withdrawals

On the off chance that you plan to visit the ATM to pull back money throughout the following few days, don’t stress over the charges. Taking after the demonetisation of Rs 500 and Rs 1000 banknotes, the Reserve Bank of India (RBI) in a roundabout has requested that banks give all money withdrawal exchanges at their ATMs free of cost to their clients till December 30 2016.

atm

While banks permit five ATM exchanges to their own particular clients free in a month, in accordance with the national banks directions, now they will need to postpone off the charges for all money withdrawals. “To guarantee client comfort, banks are encouraged to give all money withdrawal exchanges at their ATM free of cost to their clients till Dec 30, 2016.

It has likewise been chosen that banks may alter a breaking point of Rs 2000/ – every day per card withdrawal restrain at ATMs, for every one of their clients, till November 18, 2016,” said the RBI.

Banks will likewise stay open this Saturday and Sunday as customary working days for executing all business. This is being done to take care of the foreseen overwhelming demand from people in general to get new notes.

All Banks to open 1 hour early on Thursday, No holiday on Saturday/Sunday

New option added on Income Tax department website ACCOUNT CASH TRANSACTIONS.

Your questions- RBI’s Answers!! Why ₹500 and ₹1000 notes banned??

Your questions- RBI’s Answers!! Why ₹500 and ₹1000 notes banned??

Ban on  ₹500 and ₹1000 

Comman man has got confused and some what getting worried due to ban on ₹500 and ₹1000 notes. Don’t worry!!! RBI ( Reserve Bank Of India ) has answers for your all questions. 
 cover_quest_ans

Your questions- RBI’s Answers –

1. Why is this scheme?

The incidence of fake Indian notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

2. What is this scheme?

The legal tender character of the notes in denominations of Rs 500 and Rs 1000 stands withdrawn. The old notes can be exchanged for full value at any of the 19 offices of the or at any of the bank branches or at any Head Post Office or Sub-Post Office.

3. Can I get all in cash?

No. You will get upto Rs 4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.

₹500 and ₹1000 notes _500 ban

 

4. Rs 4000 cash is insufficient for my need. What to do?

You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments

5. Need I go to my bank branch only?

For exchange upto 4000 in cash you may go to any bank branch with valid identity proof. For higher value, you can to any other branch of your own bank.

6. Can I withdraw from ATM?

It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of Rs 2,000/- per card per day upto 18th November, 2016. The limit will be raised to Rs 4000/- per day per card from 19th November 2016 onwards.

1000

 

7. Can I withdraw cash against cheque?

Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of Rs 10,000/- in a day within an overall limit of Rs 20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016.

8. How much time do I have to exchange the notes?

The scheme closes on 30th December 2016. After that the amount can be deposited in specified offices of the RBI, along with necessary documentation.

9. I am a foreign tourist, I have these notes. What should I do?

You can purchase foreign exchange equivalent to Rs 5000 using these old notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the notes.

10. I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?

You can use the old notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification.

Reference – Times of India

₹2000 Note by Reserve Bank Of India (RBI) – First look!!!!

₹2000 Note by Reserve Bank Of India (RBI)

Woww!!!! Now you can keep ₹2000 note in your pocket, it’s launched!!!!!!! If you’ll receive this message or news by someone then it’s just viral news being spread on Social media. 🙁

According to Reports, Reserve Bank of India Bank will introduce notes of the of ₹2,000 soon. The notes have as of now been printed, and their dispatched from the money printing press in Mysuru has initiated. Neither the Indian government nor the national bank confirmed the launched time.

₹2000 Note Firstlook

₹2000 Note first look

Estimated Time-frame of lunch –

There is no official confirmation about it. Rough estimated time of introducing note is early 2017.

“During 2015-16, the demand for banknotes and coins remained high notwithstanding the growing shift towards non-cash modes of transactions,” the RBI said in its annual report for 2015-16.

There is big controversy in India for introducing the bigger currency because it increases corruption. But as ₹2000 note design has been disclosed, it’s on it’s way to coming!!!!! Coming soon!!!!

₹2000 Note is coming!!!!!!!!! Be ready!!!!!!

Reference links –

Currency Note Press Nashik received the order to stop printing notes of Rs 500-1000 two months ago.

Rs. 500 and Rs 1000 old currency notes will no longer be legal tender as of 08th November 2016

Mr. PM Narendra Modi’s Historic move to stop corruption in INDIA

 

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