0 [Deleted User] Asked: May 6, 20202020-05-06T22:56:45+05:30 2020-05-06T22:56:45+05:30In: GeneralWhat is the note issue system followed in India?0 What is the note issue system followed in India?1 AnswerVotedOldestRecentNancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile Nancy Dutta Added an answer on May 6, 2020 at 10:57 pm In India currency-notes issue system is based on Minimum Reserve System. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 crore comprising of gold coin and gold bullion and foreign currencies.0Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment. ShareFacebook
![[Deleted User]](https://secure.gravatar.com/avatar/?s=96&d=mm&r=g "[Deleted User]"){kind=avatar}
Nancy Dutta
In India currency-notes issue system is based on Minimum Reserve System. Under the Minimum Reserve System, the RBI has to keep a minimum reserve of Rs 200 crore comprising of gold coin and gold bullion and foreign currencies.