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For the same reason they dont issue naiye paise... too small in value
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∙ 14y ago
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Which cheque works just like a currency note?
Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.
Which year Rs 500 note launched in India by RBI?
b l sharma
Who sign on 10 rupees note?
the finance secretary of india or rbi governer sig on the currency notes
Which financial institutions has introduced the know your customer scheme?
rbi
What is the current CRR declared by rbi?
the current CRR declare by RBI is 6%.2011
Whose signature does an Indian 5 rupee note bear?
As usual the RBI Governor. Only One rupee note is an exception to this. The Finance Secretary of India signs on the Rupee note. ONE RUPEE NOTE WAS SINGED BY FINANCE SECRETARY
When was the first 10 Rupee note issued by the Reserve Bank of India?
The very first issue of banknotes produced by the RBI in 1937 included the 10 Rupee note. Notes with the signature 'J.B. Taylor date from 1937-1942' notes with the same design from 1943 onwards have the signature 'C.D. Deshmukh'. The 1943 issue 10 rupee note has the same signature, but a different design. Prior to 1937, 10 Rupee notes were issued by the 'Government of India'.
Does one rupee coin and one rupee note in India carries signature of RBI Governor?
No the secretary minister of Finance is the signatory. The one rupee not is the actual legal tender of the country.
What is written on a 100 rupee note and whose signature are there on it?
on a hundred rupee note you can find the governor's signature, the year when the note has been printed, the image of Gandhi,the RBI paper and 'hundred rupee' is written in fifteen languages on the back side and in two languages on the front, English and Hindi
Why two rupee note bears signatures of RBI governor and one rupee note bears signatures of finance secretary?
One rupee note was never issued by reserve bank of india,hence it do not bear the signatures of RBI governor. one rupee was issued by ministry of finance so it always had signatures of finance secretary on it where as 2 rupees notes were issued by reserve bank of india so it bears governer's signatures. other then one rupee notes,all other denomination notes have the signatures of reserve bank of india.
Which cheque works just like a currency note?
Currency notes are promissory notes payable to the bearer on demand.section 31 of RBI ACT provides that no one other than RBI or Central Govt. Can issue a promissory note or bill of exchange payable to bearer on demand...hence no cheque works just as a currency note.
When was one rupee coin is minted first time in India?
one rupee is a token currency and the other higher notes are backed bu multiples of rupee.
Which bank is called bank of issue?
RBI
Could the Reserve Bank done anything to protect the value of the Indian Rupee?
Yes, the RBI could have taken steps to protect the value of the Indian Rupee. But, unfortunately they did not. That is why Rupee is dangling at over Rs. 52 per US Dollar.
Whose signature is there on a 2rs note?
Rbi governer
What can the RBI do to curb the depreciation of the Indian Rupee?
They can sell US Dollars. Last time around when there was such a problem, the RBI sold US dollars worth nearly 18 billion. This time around, they would have to cough up an even larger number to prevent the depreciation. Most importantly, this will be only temporary. The RBI selling dollars alone cannot fight the global dynamic risk and hence will not have any long term effect on the exchange rate. That is exactly why the RBI isn't doing anything explicit to protect the rupee value.
Who has signed rs 100 note?
Rbi governer sign rs 100 note
