how to get new coins released by rbi
Point is that the Reserve Bank of India did issue a Rs 1,000 coin, however, it was of commemorative in nature and had no legal value. In 2015, the Central Bank had issued Rs 1000 coin to commemorate 1,000 years of the Brihadeeswara temple in Thanjavur. That can be a collector’s item, but can’t be used in market to purchase anything.
To conclude, RBI hasn’t released currency notes of Rs. 5000 and Rs. 350. It has also not released any new notes of value Rs. 5, Rs. 2 in recent times.
Whenever the RBI releases new notes, it notifies the public regarding the same through circulars on its website. Such circulars can be found on the RBI website. And also, the RBI publishes details & security features of all the notes currently in circulation in the ‘Paisa Bolta Hai’ website. Rs. 5000, Rs. 350 currency notes are not part of this list. Hence, it can be concluded that RBI hasn’t released Rs 5000, Rs 350 currency notes till date.
The Reserve Bank has also appealed to the members of the public not to give credence to rumors and continue to accept these coins as legal tender in all their transactions without any hesitation, following rumours that these coins were no longer valid.
The Quint received a query about this.
The RBI has not stated the exact number of coins to be minted. This may be a limited edition coin.
While small denomination coins are going out of fashion, the government is on a spree to introduce new denominations. Post the revival of Rs 10 coin, the RBI is set to roll out a coin of Rs 350 denomination to mark the 350th Birth Anniversary of Shri Guru Gobind Singh Ji.
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