Features of new banknotes
In this article we will get to know about some important Features of new banknotes issued by RBI.
Also later in the article we will see all important information related to Coins.
As per RBI act, RBI has the right to issue any note of any denomination within Rs. 10,000. RBI can’t issue notes of higher than Rs.10,000 denomination.
Features of New Banknotes
Rs. 2000 Note
Years of printing 2016 – present.
Mahatma Gandhi on the obverse & Mangalyaan on the back.
Swachh Bharat logo and slogan on the back.
Color of the note – Magenta.(As per RBI).
Rs. 500 Note
Years of printing November 2016 – present
Mahatma Gandhi on the obverse & Red Fort on the back
Swachh Bharat logo and slogan on Back
(Slogan- Ek kadam swatchhata ki ore)
Color of the note – Stone grey
Rs. 200 Note
Years of printing August 2017 – present
Mahatma Gandhi on the obverse & Sanchi Stupa on the back
Swachh Bharat logo and slogan on back
Color of the note – Bright Yellow
Rs. 100 Note
Years of printing July 2018 – present
Mahatma Gandhi on the obverse & Rani ki Vav on the back
Swachh Bharat logo and slogan on back
Color of the note – Lavender
Rs. 50 Note
Years of printing August 2017 present
Mahatma Gandhi on the obverse & Image of Hampi with Chariot on the back
Swachh Bharat logo and slogan on back
Color- Fluorescent blue
Rs. 10 Note
Years of printing January 2018 – present
Mahatma Gandhi on the obverse & Konark Sun Temple(Odisha) on the back
Swachh Bharat logo and slogan on back
Color- Chocolate Brown
Currency issued in India
In this article we will see all the information related to Currency issued in India and who have the authority to issue it.
COINS
The Government of India has the sole right to mint coins. The responsibility for coinage vests with the Government of India in terms of the Coinage Act, 1906.
Coins are minted by the Government of India and NOT RBI.
What is the role of RBI
The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.
RBI acts as an agent to Government of India to distribute coins & One Rupee Note.
The designing and minting of coins in various denominations is also the responsibility of the Government of India.
Coins are minted at the four India Government Mints at Mumbai, Alipore(Kolkata), Saifabad, Cherlapally (Hyderabad) and NOIDA (UP).
(The Noida mint was the first in the country to mint coins of stainless steel.)
Coins upto 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’.
Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act, 1906.
Under Section 22 of the Reserve Bank of India Act, RBI has sole right to issue currency notes of various denominations except Rupee One.
Ministry of Finance issues One Rupee Note with a signature of Finance Secretary on it.
As per RBI act, RBI has the right to issue any note of any denomination within Rs. 10,000. RBI can’t issue notes of higher than Rs.10,000 denomination.
Currency Note Press (CNP), Nasik, Maharashtra was the first Printing press in India for Bank Notes.
Out of 22 official languages (in the Eighth Schedule to the Constitution of India) the amount of a banknote is written on it in 15 languages.
These languages are :
Assamese,
Bengali,
Gujarati,
Kannada,
Kashmiri,
Konkani,
Malayalam,
Marathi,
Nepali,
Odia,
Punjabi,
Sanskrit,
Tamil,
Telugu and
Urdu.
On the obverse, the denomination is written in English and Hindi.