RESERVE BANK OF INDIA

RBI and Currency related information

* Reserve Bank of India started its operations on 01 Apr 1935.

* Reserve was nationalised in1949.

* The maximum number of Deputy Governors RBI can have  is   4.

* Number of regional offices of RBI is   28.

* RBI can issue notes upto the value of  Rs. 10,000/-

* As per Indian Coinage Act 1 Re coins can be used to pay/settleAny amount.

* As per Indian Coinage Act 0.50 pscoins can be used to pay/settleAmount not exceeding Rs. 10.

* The logo of RBI has   A palm tree and a tiger.

* The Head Office of the RBI is in   Mumbai.

PRIMARY FUNCTIONS OF RBI

1. Monetary Authority of India
2. Issuer of Currency
3. Banker and Debt Manager to the Government
4. Banker to the banks
5. Regulator of the Banking System
6. Manager of Foreign Exchange
7. Regulator and Supervisor of the payment and settlement system
8. Developmental role

CURRENCY PRINTING PRESS IN INDIA

Place                         State

Dewas                  Madhya Pradesh
Nasik                    Maharashtra
Mysore                 Karnataka
Salboni                 West Bengal