Tag Archives: Exchange Note Rs 500

RBI FAQs on Withdrawal of ₹ 500/- and ₹ 1000/- Bank Notes

By | November 9, 2016

FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature… Read More »