The Paper Currency Act of 1861 conferred upon Government of India the monopoly of Note Issue bringing to end banknote issues of Private and Presidency Banks. Government of India continued to issue currency notes till the Reserve Bank of India (RBI) was established on 1st April, 1935. Reserve Bank issued banknotes in January 1938 when the first Five Rupee banknote was issued bearing the portrait of George VI. This was followed by Rs. 10 in February, Rs. 100 in March and Rs. 1,000 and Rs. 10,000 in June 1938. The George VI series continued till 1947 and thereafter as a frozen series till 1950 when post independence banknotes were issued, with the Ashoka Pillar watermark. The Reserve Bank can also issue banknotes in the denominations of five thousand rupees and ten thousand rupees, or any other denomination that the Central Government may specify. There cannot, though, be banknotes in denominations higher than ten thousand rupees in terms of the current provisions of the Reserve Bank of India of Act, 1934. Coins can be issued up to the denomination of Rs.1000. http://www.rbi.org.in/commonman/English/Scripts/FAQs.aspx?Id=5
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Anonymous
December 20, 2009 at 9:04 pmexcellent effort sir ji…
pls post more financial awareness que
thanx
Anonymous
December 20, 2009 at 9:34 pmthank you very much, sirji……very nice effort..keep it up…….guruji!!!
Anonymous
December 20, 2009 at 10:48 pmMind blowing….
Anonymous
December 21, 2009 at 12:26 amtruly gr8 work!!
Anonymous
December 21, 2009 at 12:42 amvery intersting.gud
Anonymous
December 21, 2009 at 3:17 amrealy it is amazing for competative aspirants
Anonymous
December 21, 2009 at 7:11 amSIR CAN U PLEASE VERIFY 15 TH ONE I THINK IS 1000 SIR PLEASE VERIFY SIR
Anonymous
December 23, 2009 at 12:37 amSIR, PLS GIVE DETAIL OF ISSUE OF RS.10,000 CURRENCY NOTE IN INDIA.
Admin
December 23, 2009 at 1:11 amThe Paper Currency Act of 1861 conferred upon Government of India the monopoly of Note Issue bringing to end banknote issues of Private and Presidency Banks. Government of India continued to issue currency notes till the Reserve Bank of India (RBI) was established on 1st April, 1935. Reserve Bank issued banknotes in January 1938 when the first Five Rupee banknote was issued bearing the portrait of George VI. This was followed by Rs. 10 in February, Rs. 100 in March and Rs. 1,000 and Rs. 10,000 in June 1938. The George VI series continued till 1947 and thereafter as a frozen series till 1950 when post independence banknotes were issued, with the Ashoka Pillar watermark.
The Reserve Bank can also issue banknotes in the denominations of five thousand rupees and ten thousand rupees, or any other denomination that the Central Government may specify. There cannot, though, be banknotes in denominations higher than ten thousand rupees in terms of the current provisions of the Reserve Bank of India of Act, 1934. Coins can be issued up to the denomination of Rs.1000.
http://www.rbi.org.in/commonman/English/Scripts/FAQs.aspx?Id=5
Anonymous
March 2, 2010 at 11:31 pmLITERALLY, AWESOME JOB.
Anonymous
July 26, 2010 at 1:24 amgreat job guys