What is denomination in banking in indian currency?
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At present, paper currency notes in India are issued in the denomination of Rs. 5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.2,000. The printing of Rs. 1 and Rs. 2 denominationshas been discontinued, though the notes in circulation are valid
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The notes 500 and 1o00 got banned due to denomination
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