Economy of India and is also accepted as legal tender in neighbouring Nepal and Bhutan, both of which peg their currency to that of the Indian rupee. The rupee is divided into 100 paisas. The highest-denomination banknote is the 2,000 note; the lowest-denomination coin in circulation is the 50 paise coin. Since 30 June 2011, all denominations below 50 paise have ceased to be legal currency. India's monetary system is managed by the Reserve Bank of India (RBI), the country's central bank. Established on 1 April 1935 and nationalised in 1949, the RBI serves as the nation's monetary authority, regulator and supervisor of
RBI Thiruvananthapuram (DBO). In 1960 the Agricultural Credit Department (ACD) started operating in another location of the city. In 1968 both of the Departments were shifted to the Belhaven Palace building in Kowdiar. This building was purchased from the royal family of the erstwhile State of Travancore. In 1981 the Sub-office of Issue Department started operating from the building of the Union Bank of India. In 1982 the office shifted to its current location at Bakery Junction, Thiruvananthapuram. The office of the Banking Ombudsman for the State of Kerala and UT of Lakshadweep is also situated at RBI Thiruvananthapuram. It has been