Economy, Banking and Finance · 20 April 2026
Reserve Bank of India (RBI) issues Master Direction on Facility for Exchange of Notes and Coins
Exam-focused facts from the 20 April 2026 current affairs briefing.
Key facts
- The Reserve Bank of India (RBI) issued the Master Direction – Facility for Exchange of Notes and Coins on April 01, 2026.
- The guidelines were issued under the Banking Regulation Act, 1949, for providing note and coin exchange facilities to the public.
- The consolidated Master Direction aims to ensure uniform implementation by banks across the country by bringing all existing instructions into a single reference document.
- All previous circulars and master directions on the subject of note and coin exchange facilities stand withdrawn from the date of issuance.