Polymer banknote

Introduction of Rs 10 Plastic Notes in select cities

It has been decided to introduce plastic notes in the denomination of Rs. 10. One billion plastic notes of the denomination of Rs. 10 will be introduced in a field trial in five cities selected for their geographical and climatic diversity. These cities are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. The field trial is expected… Read More

Tags: BhubaneswarBusinessKochiPlasticPolymer banknoteRecyclingRun batted inShimla

RBI’s clarification on Scribbling on Banknotes

In the wake of rumours circulating in the market that from January 1, 2014, banks will not accept banknotes with anything written on them, the Reserve Bank has urged members of public not to fall prey to such rumours and to use their banknotes without any fear. The Reserve Bank of India has clarified it… Read More

Tags: Bank of EnglandBanknoteCentral bankClean Note PolicyJanuary 1 2014Mark CarneyPolymer banknoteReserve Bank of India

RBI Clarification w.r.t. Alternative Avenues for Distribution of Banknotes and Coins

RBI/2013-14/244 DCM (Plg) No.G12/10.65.03/2013-14 September 10, 2013 The Chairman & Managing Director / Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam/ Dear Sir, Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins Alternative Avenues Please refer to Para 110 of the Monetary Policy Statement 2013-14 wherein it was stated that With… Read More

Tags: Bank of EnglandBanknoteCash in TransitCommercial bankMark CarneyMonetary policyPolymer banknoteWinston Churchill

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates