By 20th July, banks and post offices have been officially allowed by the Government to deposit old Rs 500 and Rs 1,000 notes with the Reserve Bank. This is the second window provided by the government. The earlier window was until 31st December. The exchange value can be redeemed by crediting to the account as per conditions of RBI. There have to be valid reasons for non-deposit of the specified bank notes within the period.
India is the second-largest producer and consumer of currency notes. There has been an increase by 90.27 billion pieces in circulation from 64.58 billion over the last five years. Rs 17.7 lakh crore rupees in old currency notes were in circulation as on 8th November 2016. Rs 12.44 lakh crore in banned notes were received until 10th December as per reports that were released by RBI on 13th December.
Prayagraj was mint town of Suris. During the reign of Akbar, the ancient pilgrim centre of Prayagraj...
The AIRF, a major organization within the Indian Railways system, completed its centenary, working t...
Princely State Datia was founded in 1735 CE by Bhagwan Das, son of Narsingh Dev of the Orchha Royal ...
Princely State Dholpur, was located in the easternmost state of Rajputana Province during the Britis...
Chhatarpur princely state was founded in 1785 and ruled by the descendants of Bundela Rajput leader ...
Thank you for visiting our website and for your interest in our endeavour.
For a past few days we have been recieving queries whether we buy/sell coins, stamps and currency.
We would like to inform you that, as of date, we have not provided such a platform. However please register on our website and do keep visiting our portal for further notifications on such a forum and other important and exciting news/updates.
Happy Collecting !
Email: info@mintageworld.com
Contact Us