RBI to issue Re. one denomination currency notes

Image
ANI New Delhi [India]
Last Updated : May 30 2017 | 8:42 PM IST

The Reserve Bank of India (RBI) on Tuesday announced the introduction of currency notes in one rupee denomination, printed by the Government of India.

These currency notes are legal tender as provided in the Coinage Act 2011.

The existing currency notes in this denomination in circulation will also continue to be legal tender.

The front portion of the note contains the words '???? ?????'(Bharat Sarkar) above the words "Government of India" with the bilingual signature of Shaktikanta Das, Secretary, Ministry of Finance and with the replica of the new rupee one coin with the rupee symbol of 2017 issued with '???????? ????'(Satyamev Jayate) and capital insert letter 'L' in numbering panel.

The numbering shall be in black at right hand bottom portion of the note in ascending size of numerals from left to right, while the first three alphanumeric characters remains constant in size.

The contrasting side of the note is slated to have a similar structure with the authentic rendering of value in fifteen Indian languages in the language panel and the year figure shown on the centre bottom in international number.

The colour of the one rupee currency note shall be predominantly pink and green on the obverse and reverse in combination with other colours.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 30 2017 | 8:42 PM IST

Next Story