BUSINESS ENVIRONMENT

Currency System Of India

CONTENTS TO BE PRESENTED
Some

Basics Of Coins / Currency. Currency Management. Current Issues. Coin Series. Banknotes Since Independence. Soiled And Mutilated Banknotes Counterfeits / Forgeries Clean Note Policy:

SOME BASICS OF COINS / CURRENCY:

History of Coins History of Currency(Notes) What is the Indian currency called? What are the present denominations of banknotes in India? Can banknotes and coins be issued only in these denominations? Demonetization of higher denomination banknotes. What are the present available denominations of coins in India? What is legal tender? What is the meaning of "I promise to pay" clause. Why is One Rupee liability of the Government of India?

CURRENCY MANAGEMENT.

What is the role of the Reserve Bank of India in currency management? What is the role of Government of India? Who decides on the volume and value of banknotes to be printed and on what basis? Who decides on the quantity of coins to be minted? How does the Reserve Bank estimate the demand for banknotes? How does the Reserve Bank reach the currency to people? What is a currency chest? What is a small coin depot? What happens when the banknotes and coins return from circulation? From where can the general public obtain banknotes and coins?

CURRENT ISSUES

Is there a way to reduce dependence on cash? Steps taken to increase the supply of banknotes and coins. Why are Re.1, Rs.2, Rs.5 banknotes not being printed?

COIN SERIES
The Frozen Series 1947-1950 The Anna Series The Decimal Series Naya Paisa Series 1957-1964 Aluminium Series 1964 onwards Contemporary Coins

BANKNOTES SINCE INDEPENDENCE.

A.

Ashoka Pillar Banknotes: Mahatma Gandhi (MG) Series 1996:

Are there any special features in the banknotes of Mahatma Gandhi series(MG)- 1996?

B.

C.

MG series 2005 banknotes

The additional / new security features in MG Series 2005 banknotes. Why was the change brought about? What is a "star series" banknote?

SOILED AND MUTILATED BANKNOTES

What are soiled, mutilated and imperfect banknotes? Can soiled and mutilated banknotes be exchanged for value? Where are soiled/mutilated banknotes accepted for exchange? How much value would one get in exchange of soiled banknotes? How much value would one get in exchange of mutilated banknotes? How much value would one get in exchange of imperfect banknotes? What types of banknotes are not eligible for payment under the Note Refund Rules? What if a banknote is found to be non-payable?

COUNTERFEITS / FORGERIES
How does one differentiate between a genuine banknote and forged / counterfeit banknote. What are the legal provisions relating to printing and circulation of forged banknotes?

CLEAN NOTE POLICY: