Loading...
You are here:  Home  >  Politics  >  Current Article

After 20 Years, RBI Is Bringing 1 Rupee Note Back

By   /  March 10, 2015  /  No Comments

    Print       Email

One rupee notes are all situated to return into flow as the legislature has chosen to restart printing the coin after over two decades. “The Reserve Bank of India will soon put available for use money notes in one rupee division. The notes will be printed by the Government of India,” Reserve Bank said in an announcement today.

RBI said the notes to be issued would be lawful delicate as given in The Coinage Act 2011. “The current money notes in this group available for use will likewise keep on being legal tender,” it included.

InCorpTaxAct
Suvidha

Specifying about the measurements of the rupee take note of, the RBI said it will be 9.7 by 6.3 centimeters made of 100 every penny cotton cloth content. It will measure 90 grams every square meter and have thickness of 110 microns. As watermarks, it will bear Ashoka Pillar image in the window without words ‘Satyamev Jayate’, convey a shrouded numeral in the focal point while concealed word Bharat (in hindi) will be on the right hand side of the note.

“The color of one Rupee Currency Note will be predominantly pink green on front-side and switch in mix with others,” RBI said. On the front-side, the note will convey bilingual signature of Finance Secretary Rajiv Mehrishi. It will contain words Bharat Sarkar and Government of India with the reproduction of new rupee coin and rupee image of 2015 with Sataymev Jayate words imprinted on it. Capital Insert letter “L” will be in the numbering board. Cash notes in India bear signature of RBI senator. The numbering will be dark at right hand base allotment of the note, it included.

On the opposite, it will contain Bharat Sarkar and Government of India words with the year 2015 on the representation of one rupee coin with rupee image having botanical configuration, RBI said. “The encompassing outline will comprise of the picture of Sagar Samart – the oil exploration stage and with the legitimate rendering of worth in fifteen Indian dialect in dialect board and the year figure demonstrated in the focal point base in worldwide number,” it included.

In November 1994, printing of one rupee note was halted for the most part because of higher expense and for liberating ability to print cash notes of higher division. Printing of two and five rupee notes excessively were suspended in 1995. From that point forward, just coins have been issued for these divisions. More seasoned notes are still available for use and stay lawful delicate. Other paper money notes at present being printed are Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000.

InCorpTaxAct

If you like to publish news or your story on our website, please email to editor 'at' deccanabroad.com.


    Print       Email

Leave a Reply

You might also like...

Today is PV Narasimha Rao’s Jayanthi

Read More →