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The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series.
2017. The Indian 50-rupee banknote ( ₹ 50) is a denomination of the Indian rupee. The present ₹ 50 banknote in circulation is a part of the Mahatma Gandhi New Series of banknotes. However, ₹ 50 banknotes of the previous series ( Mahatma Gandhi Series) will continue to be legal tender. [2]
The Digital Rupee (e₹) [39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [41] Digital Rupee is using blockchain distributed-ledger technology. [42]
The Indian 100-rupee banknote ( ₹ 100) is a denomination of the Indian rupee. It has been in continuous production since Reserve Bank of India took over the functions of the controller of currency in India in 1935. The present ₹ 100 banknote in circulation is a part of the Mahatma Gandhi New Series (which replaced the Mahatma Gandhi Series ...
The Mahatma Gandhi New Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of the Indian rupee ( ₹ ), intended to replace the Mahatma Gandhi Series of banknotes. Announced on 8 November 2016, it followed the demonetisation of ₹ 500 and ₹ 1000 banknotes of the original Mahatma Gandhi Series.
These included ₹1/2 , ₹1/4 , 2 anna, 1 anna, 1/2 anna & 1 pice coins, and are referred to as the anna series or pre-decimal coinage. Under the anna series, one rupee was divided into 16 annas or 64 pice, with each anna equal to 4 pice. In 1957, India shifted to the decimal system, though for a short period of time, both decimal and non ...
In order to determine currency denominations, the Reserve Bank of India follows a variation of the Renard series, called the 1-2-5 series, in which a ‘decade’ or a 1:10 ratio is covered in 3 steps, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, etc. [7] The Reserve Bank of India described the 200-rupee notes as the missing link in the ...
The Indian 20-rupee banknote ( ₹ 20) is a common denomination of the Indian rupee. The current ₹ 20 banknote in circulation is a part of the Mahatma Gandhi New Series. The Reserve Bank introduced the ₹ 20 note in the Mahatma Gandhi New Series in 2019, making it the last denomination to be introduced in the series. [2]
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