Banking News (Country: India)
The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been 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.
Dimensions and paper composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 516(E) dated May 25, 2017 by the Ministry of Finance, Department of Economic Affairs, published in the Gazette of India–Extraordinary-Part –II-Section 3-Sub-section (i), No. 417 dated May 25, 2017 will be :
Denomination of Note :
One Rupee Currency Note
Shape and Size :
Rectangular 9.7 x 6.3 cm
Paper Composition :
- 100 per cent (Cotton) Rag Content
- Weight of Paper:- 90 GSM (Grams per Square Meter)
- Thickness of Paper:- 110 microns
Multi tonal Watermarks :-
(i) Ashoka Pillar in the window without words ‘सत्यमेव जयते’
(ii) Hidden Numeral ‘1’ in the centre
(iii) Hidden Word ‘भारत’ vertically arranged on right hand side.
The design of the One Rupee Currency Notes will be as under:
(a) It contains the words ‘भारत सरकार’ above the words “Government of India” with the bilingual signature of Shri Shaktikanta Das, Secretary, Ministry of finance and with the replica of New Rupee One coin with ₹ symbol of 2017 issued with ‘सत्यमेव जयते’ and capital insert letter ‘L’ in numbering panel. The numbering will be in black at right hand bottom portion of the note.
(b) 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(prefix) remains constant in size.
(2) Reverse: It contains the words ‘भारत सरकार’ above the words “Government of India” with the year 2017 on the representation of One Rupee coin with ₹ symbol having floral design and the surrounding design consists of the picture of ‘Sagar Samrat’ the oil exploration platform and with the authentic rendering of value in fifteen Indian languages in language panel with the year figure shown on the centre bottom in international number.
(3) Overall Colour Scheme: The colour of One Rupee Currency Note shall be predominantly pink green on obverse and reverse in combination with others.
Ref: RBI PR # 2016-2017/3222 dated May 30, 2017