The Reserve Bank of India has withdrawn 268 currency management circulars and guidelines applicable to banks as part of its continuing effort to rationalize the regulatory framework. Operative instructions have been consolidated into function-specific Master Directions and subject-specific instructions, while obsolete or redundant materials have been removed. The withdrawn documents span 1976 to 2025 and cover areas including note and coin exchange, counterfeit note controls, currency chest operations, currency distribution and related customer service requirements. The measure extends the Reserve Bank of India’s recent consolidation of currency guidance, including its earlier clarification of the rules for withdrawing pre-2005 banknotes.
Reserve Bank of India withdraws 268 currency management circulars after consolidating operative instructions
The Reserve Bank of India has withdrawn 268 currency management circulars and guidelines issued between 1976 and 2025. Operative provisions have been consolidated into Master Directions or subject-specific instructions, while obsolete or redundant materials have been removed.