Section 28A of RBI Act : Section 28A: Issue Of Special Bank Notes And Special One Rupee Notes In Certain Cases

RBI Act

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Explanation using Example

Imagine a scenario where the Reserve Bank of India (RBI) decides to issue a series of special bank notes specifically designed for use by Indian citizens traveling abroad. These notes, in denominations of ₹5, ₹10, and ₹100, are distinct in design from the regular currency to easily differentiate them and to control their circulation outside of India.

In this hypothetical situation, the Central Government, after considering the RBI Governor's recommendations, approves a unique design and material for these special bank notes. However, these notes ...

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