According to an article in The Economic Times dated 08.12.09, the Reserve Bank of India is replacing 1- and 2-rupee banknotes with coins due to the short life span and high costs of printing small-denomination notes. In a written reply to Rajya Sabha, Minister of State for Finance Namo NarainRead More…
Like B271, but with date (2009) at lower center on back (previous issues were undated), new signature (Subbarao), windowed security thread with demetalized text, and inset letter E. Courtesy of banknoteshop@gmx.net.Read More…
According to a Business Standard article dated 3 June 2009, the Reserve Bank of India (RBI) is considering a pilot project to introduce polymer notes in an effort to increase the longevity of its banknotes, said H R Khan, executive director, RBI. The timing of the project has not yetRead More…
The Reserve Bank of India will soon introduce revised banknotes in the denominations of 5, 50, 100, 500, and 1,000 rupees. The notes will be identical to the current Mahatma Gandhi series, but will bear the signature of the new bank governor, Dr. D. Subbarao. Notes of the current seriesRead More…
Like B285c, but new date (2008). Letter: None, L, R. Courtesy of Ömer Yalçinkaya (omeryalcinkayacollectionshop on eBay).Read More…
Like B282c, but new date (2008). Letter: None, E, R. Courtesy of banknoteshop@gmx.net.Read More…
Like B280c, but new signature (Subbarao) and new date (2008). Letter: None, R. Courtesy of Dr Manjunath P. Iyer.Read More…
India’s booming economy has pushed up demand for 500- and 1,000-rupee notes by approximately 20 and 50 percent, respectively, with the volume of almost all other denominations remaining steady. The cost of printing currency has more than doubled to Rs20 trillion during 2006-07, with the business split between Security PrintingRead More…