As of 2012, the new ₹ sign has been incorporated into banknote of ₹20. In January 2014 RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015.
How many notes are banned in India?
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes.
What is on 100 rs note?
The ₹100 banknote of the Mahatma Gandhi Series is 157 × 73 mm Blue-green coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of Reserve Bank of India.
How do I exchange old notes in 2020 RBI?
Exchanging old notes
You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.
How can I exchange old Indian currency?
For exchange up to Rs 4000 in cash you may go to any bank branch with valid identity proof. For exchange over Rs 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank.
Who introduced the rupee in India?
The history of the Indian rupee traces back to ancient India in circa 6th century BCE, ancient India was one of the earliest issuers of coins in the world, along with the Chinese wen and Lydian staters. Arthashastra, written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (c.