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Banknotes in India are currently being issued in the denomination of 10,  20,  50,  100 , 500, and  1000. These notes are called banknotes as they are issued by the Reserve Bank of India (Reserve Bank). The printing of notes in the denominations of 2 and 5 has been discontinued as these denominations have been coinised. However, such banknotes issued earlier can still be found in circulation and these banknotes continue to be legal tender. Re. 1 was also not being printed since long due to coinisation. However the Central Government has , recently reintroduced this note. Re. 1 notes issued in the past also continue to be legal tender for transactions.
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