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Section 24: Denominations of notes.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

[24. Denominations of notes.--(1) Subject to the provisions of sub-section (2) bank notes shall be of the denominational value to two rupees, five rupees, ten rupees, twenty rupees, fifty rupees, one hundred rupees, five hundred rupees, one thousand rupees, five thousand rupees and ten thousand rupees or of such other denominational values, not exceeding ten thousand rupees, as the Central Government may, on the recommendation of the Central Board, specify in this behalf.

(2) The Central Government may, on the recommendation of the Central Board, direct the non-issue or the discontinuance of issue of bank notes of such denominational values as it may specify in this behalf.]

Where this provision sits

ActThe Reserve Bank of India Act, 1934
Section24
Marginal noteDenominations of notes.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 58 of 1968. . Subs. by Act 58 of 1968, s. 25, for section 24 (w.e.f. 1-2-1969).

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