Fourth Bi-monthly Monetary Policy Statement, 2015-16 By Dr. Raghuram G. Rajan, Governor, RBI - Sept 29, 2015 - Full Text

Currency Management

40. With growing financial inclusion, there are concerted efforts to enhance the use of technology and move towards a “less-cash” society. In order to promote electronic payments and use of cards for transactions, the Reserve Bank will put in the public domain a concept paper for proliferation of card acceptance infrastructure in the country, especially in the tier III to tier VI centres, by end-November 2015. 41. The Reserve Bank has issued Rs100, Rs500 and Rs1000 denomination banknotes in the Mahatma Gandhi Series–2005 with a new numbering pattern with ascending order of the size of the numbers from left to right. This is being introduced in a phased manner for all denominations of banknotes. 42. With a view to making identification of banknotes easier for visually challenged persons, the process for introduction of additional identification marks in banknotes in the form of angular bleed lines has been initiated and is being introduced in the denominations of Rs100, Rs 500 and Rs 1000 as raised lines on both the left and right sides of the obverse of the banknote: 4 lines in Rs 100, 5 lines in Rs 500 and 6 lines in Rs1000. Furthermore, the size of the existing identification mark in these denominations is also being increased by 50 per cent to facilitate better identification.

Fourth Bi-Monthly Monetary Policy Statement - GO TO MAIN PAGE

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