Features of New Currency Notes

Features of New Currency Notes - Dream Big Institution

Features of New Currency Notes 



India is a money based economy, so dissemination of phony cash notes keeps on being a danger. Keeping in mind the end goal to contain the rising occurrence of phony cash notes and dark cash, On November 8, 2016, the legislature of India declared a notable measure to demonetize the two biggest category notes Rs500 and Rs1000.

As indicated by Reserve Bank of India Act, 1934, The Reserve bank has the sole expert of cash administration. The plan and division of banknotes are required to be endorsed by the Government of India on the suggestions of RBI. Nonetheless, there can’t be banknotes in sections higher than 10,000 rupees regarding the present arrangements of the Reserve Bank of India Act, 1934. Coins can be issued up to the category of R1000 as far as The Coinage Act, 2011. Coins are stamped at the four India Government Mints at Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and NOIDA (U.P.).
The Indian rupee sign (R) is the money sign for the Indian rupee, it was outlined by D. Udaya Kumar.
 
Currency Symbol for Indian Rupee
Features of New Currency Notes
 
Money notes mirror the country’s rich and assorted culture, her battle for an opportunity and her pleased accomplishments as a country.  The Reserve bank of India propelled another arrangement of banknotes in another outline so as to convey the personality closer to the social legacy of the nation and for demonstrating our logical advances in interplanetary space. The new outline banknotes are particularly unique in relation to the old Mahatma Gandhi Series of money orders in shading, size, and subject. The subject of the new arrangement notes is India’s legacy locales.
The Numerals in Devanagari and the logo of Swachh Bharat Mission are different components including the new plan notes. The new notes additionally have outline components in horde and multifaceted structures and shapes.
While the security includes in the flow arrangement of banknotes, for example, the watermark, security string, dormant picture of section numeral, category numeral in shading moving ink, number boards, transparent enlist, electro-type, drain lines, and so on., keep on remaining, their relative positions have been changed in the new outline notes.
 
Money of India
 
Production
 
1) The Security Printing and Minting Corporation of India Limited (SPMCIL), possessed by the Government of India, is in charge of printing notes and stamping coins.
 
2) It has printing presses at Nasik in Maharashtra and Dewas in Madhya Pradesh.
 
3) It additionally has four mints for coin creation at Mumbai, Noida, Kolkata, and Hyderabad.
 
4) The Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL), possessed by the RBI, likewise has printing presses at Mysore in Karnataka and Salboni in West Bengal.
 
5) Money System in India – Issuance, and Distribution
 
6) RBI has chosen branches of banks called Currency Chest or (ICMC) which encourage the dissemination of cash.
 
7) They have been built up with State Bank of India, six partner banks, nationalized banks, private segment banks, a remote bank, a state helpful bank and a local country bank.
 
8) They appropriate notes and coins to other bank offices in their general vicinity.
 
Notes and their features:
 
Two Thousand rupees:
 
Features of New Currency Notes

 

Currency Value:    2000
Dimension:             66×166 mm
Obverse Design:    Mahatma Gandhi
Reverse Design:     Mangalyan
Colour:                   Magenta

Signature RBI governor: Urjit R Patel


Five hundred Rupees:

Features of New Currency Notes

 

Currency Value:    500
Dimension:             63×150 mm
Obverse Design:    Mahatma Gandhi
Reverse Design:     Red Fort
Color:                     Stone Grey
Signature:              RBI governor

 

Two hundred Rupees Note:

Features of New Currency Notes

 

Currency Value:    200
Dimension:             66×146 mm
Obverse Design:    Mahatma Gandhi
Reverse Design:     Sanchi Stupa
Color:                     Bright Yellow
Signature:              RBI governor

 

Hundred Rupees Note:

Features of New Currency Notes

 

Currency Value:    100
Dimension:             66×142 mm
Obverse Design:    Mahatma Gandhi
Reverse Design:     Rani ki vav (Queen’s stepwell)
Color:                     Lavender
Signature:              RBI governor


Fifty Rupees Note:

Features of New Currency Notes

 

Currency Value:    50
Dimension:             66×135 mm
Obverse Design:    Mahatma Gandhi
Reverse Design      Hampi with chariot
Color:                     Fluorescent Blue
Signature:              RBI governor

 
   Ten Rupees Note:
 
Features of New Currency Notes

 

Currency Value:    10
Dimension:             63×123 mm
Obverse Design:    Mahatma Gandhi
Reverse Design:     Konark and the Sun Temple
Color:                     Chocolate brown

Signature:              RBI governor

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