Also notice that the background colour in the Panel containing the Lion Capital has become a much lighter shade to enable easy recognition of the words “Satyameva Jayate”.
An image of a Rs.Five Banknote issued during Bimal Jalan's tenure ending in the numerals "786", issued with a Plain inset, contributed for my collection by Krishna Tonpe.
The Back of the above Banknote.
Posted on 23.01.2014:
Reserve Bank of India has now decided to withdraw all currency notes issued prior to 2005, without specifically mentioning that these Banknotes will cease to be legal tender. From April 2014 all Banks will accept and exchange pre-2005 Banknotes. These Banknotes are easily identified by the absence of the year of printing on the Back of the Note. RBI estimates that the maximum number of fake currency Banknotes are from the period prior to 2005. From 01.07.2014, to exchange more than 10 pieces of Rs.500/- and Rs.1000/- banknotes, non-customers will have to furnish identity and address proof to the Bank Branch. However, it is expected that later on RBI will issue a communication advising users the final date upto which Banknotes prior to 2005 will be accepted by the Bank.
Therefore, please start examining the year of issue"at the back of the currency Notes passing through your hands, so as not to face the inconvenience of going to a Bank Branch for returning the currency issued prior to 2005.
While this is a welcome step, RBI needs to have a policy in place to take the remaining counterfeit Banknotes issued after 2005, like changing/revamping the Front and Back designs, adding more effective security features etc. so as not to put users at risk of accepting counterfeit currency Banknotes.
Posted on 03.03.2014:
Posted on 31.12.14:
The Reserve Bank of India (RBI) has extended the deadline for turning in pre-2005 Banknotes to 30.06.2015. While these Banknotes would be treated as legal tender upto this period, but RBI would destroy them as and when they come into Bank branches.
RBI has sought the general public’s cooperation and urged them to deposit the old design Banknotes in their Bank accounts or exchange them at a bank branch convenient to them.
RBI has further mentioned that the Banknotes can be exchanged for their full value till this date. Check out all your Banknotes and deposit all such Banknotes (i.e. without the year of issue printed at the back) at convenient Bank branches before the scheduled date.
Posted on 26.06.2015:
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015.
Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them.
The Reserve Bank has further stated that the notes can be exchanged for their full value. It has also clarified that all such notes continue to remain legal tender.
Posted on 06.02.2016:
Ayesha and Zaheer Hasan have sent me images of the following interesting error Banknote in the denomination of Rupees Five:
The above is an image of two Banknotes - Serial Nos. 32V 473229 and 32V 473222 from the same Series/packet. On the front both Banknotes exhibit regular/normal features
Now take a look at the above image of the Backs of the two Banknotes. The Banknote with the Serial No. 32V 473229 is entirely blank, which is reminiscent of the Uniface Banknotes introduced during the reign of Queen Victoria in 1861 and printing of which continued till 1925 i.e. till the reign of George V, while the Banknote with the Serial No. 32V 473222 exhibits regular/normal features.
Posted on 09.11.2016:
The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.
The ATMs will resume functioning from November 11, 2016 upon their recalibration to dispense bank notes of the denominations of Rs.50/-, Rs.100/- Rs.500/- and Rs.2,000/-
Further, so as to ensure customer convenience, banks are also advised to provide all cash withdrawal transactions at their ATMs free of cost to their customers till 30 Dec 2016. It has also been decided that banks may fix a limit of Rs 2000/- per day per card withdrawal limit at ATMs, for all their customers, till November 18, 2016. For deposits being made at Banks and other establishments, please note, that one will get upto ₹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.
The Front of the new Rs.2000/- Banknote which is now going to be in circulation wef 10.11.2016
The Back of the new Rs.2000/- Banknote shows the "Mangalayan" (which is the Mars Orbiter)
The new denomination has the motif of the "Mangalayan" on the Back, which is India's first venture in inter-planetary space.
The base colour of the Banknote is magenta .
The Banknote has other designs, geometric patterns aligning with the overall colour scheme, both on the Front and Back.
The Front of the new Rs.500/- Banknote which is now going to be in circulation wef 10.11.2016
The Back of the new Rs.500/- Banknote shows the Red Fort in New Delhi
The salient features of the new Rs.500/- Banknotes are:
The new Banknote is different from the present series in colour, size, theme, location of security features and design elements.
The colour of the Banknote is stone-grey.
The Banknote has a pre-dominant new theme - Indian heritage site - Red Fort.
A cartoonist's impression of how the demonetised Banknotes can be used - by eating snacks on them.
This is a handy chart showing the various dates and options available to the customers/depositors
This form is to be filled in , in case the demonetised currency is being deposited in a non-home Branch/Post Office.
Links to other posts on Indian Currency denominations on this blog:
1) Introduction of the new Rs.2000/- denomination in Indian Currency circulation wef 10.11.2016
2) Classification and Valuation of Rs.1000/- denomination Banknotes
3) Classification and Valuation of Rs.500/- Banknotes
4)Classification and Valuation of Rs.100/- Notes
5) Classification and Valuation of Rs.50/- Notes
6) Classification and Valuation of Rs.20/- Notes
7) Classification and Valuation of Rs.10/- Notes
8) Classification and Valuation of Rs.5/- Notes
9) Evolution and Valuation of one Rupee Banknotes in India
10) Did-you-know-series-1: Assists for identification of Currency Notes by visually challenged users
11) Did-you-know-series-2-what-is-design-or focus of the picture at the back of circulating Currency Notes in India?
12) Are you carrying a Fake Rs.500/- Banknote in your purse/wallet?: A comprehensive study