Indian currency notes

RBI prints the currency notes of all denomination from Rs. The maximum numbers of fake notes were in the denomination of and To aware the general public we are publishing some security features of the currency notes so that counterfeit notes can be detected by the general public. Security Thread The security thread appears to the left of the Mahatma's portrait.

Security thread has a plain, non-readable fully embedded security thread. But since Octoberthe Rs. All the currency notes have security thread. When notes held against the light, the security thread on Rs. Watermark The Mahatma Gandhi Series of banknotes contain the Mahatma Gandhi watermark with a light and shade effect and multi-directional lines in the watermark window.

This feature appears between the vertical band and Mahatma Gandhi portrait. The notes of Rs. This feature can be seen well with the help of a magnifying glass. Latent Image On the obverse side of Rs. The latent image is visible only when the note is held horizontally at eye level. Identification Mark To help the visually impaired a special feature in intaglio has been introduced on the left of the watermark window on all notes. This feature is in different shapes for various denominations i.

Intaglio Printing This feature is added in the bank notes for the convenience of the blind peoples. In the Indian currency notes of denominations Rs. The numeral digit and on the obverse of Rs. See through Register This feature will show up number when the note is held against light. The small floral design printed both on the front and back of the note in the middle of the vertical band next to the Watermark has an accurate back to back registration.

Fluorescence Number panels of the notes are printed in fluorescent ink.We would like to inform you that, as of date, we have not provided such a platform. Paper currency is used worldwide today, but how many of us know about the history of notes of India ; their origin and evolution. Indian notes began as notes issued by banks and were known as Banknotes. Issuing currency notes of India was later taken over by the British Government of India who circulated them throughout the country.

This unified the design of paper currency all over the country.

indian currency notes

After the Reserve Bank of India was set up, the authority to issue currency notes in India was transferred to them. The RBI is the only establishment in the country with the power to issue paper currency for circulation.

A bank note is a negotiable instrument or a promissory note issued by a bank. It is also known as Early Bank Notes. Banks in India were free to issue promissory notes that were payable to the bearer on demand. Notes of India issued from late 18th century onwards were payable to the bearer on demand which meant that the Indian note could be encashed by person presenting it for coins of the value stated upon these old notes of India.

After the RBI was formally inaugurated on April 1,currency notes of India were issued only by them. Republic issues of Indian notes by the RBI bear vignettes that are a symbol of the country, its history, and its development.

Stamps Indian Stamps Australia Stamp. Home Notes India. Periods: India. Early bank Notes. British india. Princely State. Thank you for visiting our website and for your interest in our endeavour.

Happy Collecting!In each Indian Currency Banknotes the amount is written in totally 17 languages illustrating the diversity of the country. Currently, there are totally 22 scheduled languages in India.

Out of 22 languages have been accorded official language status as per the eighth schedule of the constitution of India, gets places only 16 languages in the Indian currency notes.

The another one language is additional official language English. Totally However, the six scheduled languages are missing in Indian Currency notes. The front side of the banknote contains only two languages. The denomination is written in both official languages English and Hindi. The languages are.

In back side, there is a language panel on left side of the banknotes. There are 15 scheduled Indian languages written inside the panel excluding Hindi and English.

These are the complete list of different languages get placed in an Indian currency notes as of Maybe in future, the remaining languages will get place on banknotes. PMO has directed the coins and currency division of RBI to take appropriate steps to include remaining six languages.

indian currency notes

The missing six languages are. Manipuri Meitei. Menu Skip to primary content. Like this: Like Loading Most reacted comment. Hottest comment thread. Recent comment authors.The base colour of the new Rs 50 denomination is fluorescent blue compared to the light pink and white base in the old note.

The image of Mahatma Gandhi is placed at the centre in the new note. In the older currency, Mahatma Gandhi was placed on the right-hand side. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.

All the four new notes have distinct designs that are different from the previous Mahatma Gandhi Series of bank notes in terms of colour, size and theme. Plans to introduce a new Rs 1, note are also reportedly afoot. All the four new currencies have distinct designs that are different from the previous Mahatma Gandhi Series of bank notes in terms of colour, size and theme.

The new notes also have design elements in myriad, geometric figures, intricate forms, and shapes. The never-seen-before notes of base-yellow Rs and magenta clad Rs 2, have motifs of Sanchi Stupa and the Mangalyaan moon mission respectively. The currencies have security features such as water mark, security thread, a latent image of denomination numeral, denomination numeral in colour shifting ink, number panels, see-through register, electrotype, bleed lines, and features designed for visually impaired citizens.

One of the major differences is the image on the back of the currency. The old Rs 50 note had an image of Indian Parliament with a hoisted flag on the flagpole while the new Rs 50 note has a Hampi chariot motif. Unlike the old note, the new Rs 50 note has denominational number 50 in Devanagari script. On the reverse, the year of printing of the note appears on the left compared to the old note where it is printed in the centre.

Unlike old notes, the new notes have Mahatma Gandhi's spectacles with Swachh Bharat symbol and slogan. The old Rs note had a golden yellow base colour with an image of Gandhi's Dandi March on the reverse. The circular identification mark is on the right, unlike the old note where the identification mark was on the left of the front side. The number panel with numerals growing from small to big is placed on the top left and bottom right of the new note as opposed to the left bottom corner and right top corner.

Orientation and relative position of the Mahatma Gandhi portrait are different in both the currencies — the portrait of Gandhi is moved to the centre from the left. Unlike old notes, the new notes have Mahatma Gandhi's spectacles with Swachh Bharat logo and slogan. Are Lockdown Bonds a balm for the virus-hit businesses? Business Insight Where is the online gaming industry headed amid theThe rupee which we keep in our pocket has a strange or perplexing past.

There was a long history of struggle, exploration and wealth which can be traced back to the ancient India of the 6 th Century BC. In 19 th century the Britishers introduced paper money into the subcontinent. The Paper Currency Act of gave the Government the monopoly of note issued throughout the vast expanse of British India.

Below are the interesting facts about how Indian currency notes have evolved over the ages into the rupee of today. The earliest issuers of coins in the world are the Ancient Indians along with Chinese and Lydians from the Middle East. These coins have irregular shapesstandard weight and are made up of silver with different markings like Saurashtra had a humped bullDakshin Panchala had a Swastika and Magadha had several symbols.

Source: www. Then Mauryas came up with the Punch Marked Coins minting of silver, gold, copper or lead and Indo-Greek Kushan kings introduced the Greek custom of engraving portraits on the coins. The currency was made up of Gold, silver and copper known as Tanka and lower valued coin known as Jittals. The Mughal Empire from AD consolidated the monetary system for the entire empire. In this era evolution of rupee occurred when Sher Shah Suri defeated Humayun and issued a silver coin of gms known as rupiya and was divided into 40 copper pieces or paisa and during the whole Mughal period silver coin remained in use.

During the British East India Company i. Then British gold coins were termed as Carolina, the silver coins as Angelina, the copper coins as cupperoon and the tin coins as tinny. With the Coinage Act ofuniform coinage throughout the country comes. And inMughal empire subsequently ended and British crown gained control over one hundred princely states and so, the images on the coins were replaced by portraits of the Monarch of Great Britain Supremacy.

The king George VI replaced the native designs on banknotes and coins but after the revolt ofhe made the Rupee as the official currency of colonial India. In the honour of Queen Victoria inseries of bank notes and coins were issued with the Victoria portrait.

Finally, the Reserve Bank of India was set up in and empowered to issue Government of India notes. It had also printed 10, rupee notes and was later demonetised after Independence. The symbol chosen for the paper currency was the Lion capital at Sarnath which replaced the George VI series of bank notes. So, the first banknote printed by the Independent India was a 1 rupee note.

Currency System in India Explained – New Rs.20/- Notes To Be Launched Soon!

Do you know the history of 1 rupee note: One rupee note was issued on 30 November, under the British Raj. During the first world war British domination was there. At that time one rupee coin was a silver coin. But because of the war, condition became worse and one rupee coin of silver was not able to generate. And due to this first time in front of people one rupee note issued and the image of George V was inbuilt in the note.

Printed in England this one rupee note value was very less as compared to others. In a special issue of rupees ten and Rupees One Hundred were issued for the Indian Haj Pilgrims so, that they can exchange it with local currency in Saudi Arabia.

indian currency notes

Even in the Nizam of Hyderabad had given the privilege to print and issue their own currency. In World War Idue to shortage of metal the princely states of Morvi and Dhrangadhra issued currency notes of limited liability known as Harvala. Finally, in The Mahatma Gandhi series of paper notes were introduced. Always we see the picture of smiling Mahatma Gandhi on our notes which remains same on currency notes.

Some says that Picture of Mahatma Gandhi is a drawn caricature but this is not true. Actually in reality this picture was taken by an unknown photographer in and from there it is cropped and used everywhere. The Picture is given below:. He was a great politician and a leader of the woman suffrage movement in Great Britain.Early political career. The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy.

According to a report from the Reserve Bank of Indiaapproximately Initially, the move received support from several bankers as well as from some international commentators. The move was also criticised as poorly planned and unfair, and was met with protests, litigation, and strikes against the government in several places across India. Debates also took place concerning the move in both houses of the parliament. The Indian government had demonetised banknotes on two prior occasions—once in and once in —and in both cases, the goal was to combat tax evasion via " black money " held outside the formal economic system.

Inthe Central Board of Direct Taxes recommended against demonetisation, saying in a report that "demonetisation may not be a solution for tackling black money or shadow economy, which is largely held in the form of benami propertiesbullion and jewelry. The printing of new banknotes started in October when the news stories of forthcoming new banknotes appeared in the media.

The Union cabinet was informed about the plan on 8 November in a meeting in the evening called by the Indian Prime Minister Narendra Modi. Prominent businessmen stated after the announcement of demonetisation that they had received prior warning of the move, allowing them to convert their money into smaller denominations.

He later denied making the comments. The Reserve Bank of India stipulated that the demonetised banknotes could be deposited with banks over a period of fifty days until 30 December The banknotes could also be exchanged for legal tender over the counter at all banks. The Specified Bank Notes Cessation of Liabilities Ordinance, was issued on 28 Decemberending the liability of the government for the demonetised banknotes.

The ordinance also imposed fines on people found carrying out transactions with them after 8 Novemberor holding more than ten of them after 30 December It provided for the exchange of the banknotes after 30 December for people who had been outside India between 9 November and 30 December. The government said that the main objective of the exercise was curbing black money which included income which had not been reported and thus was untaxed; money gained through corruption, illegal goods sales and illegal activities such as human trafficking ; and counterfeit currency.

Other stated objectives included expanding the tax base and increasing the number of taxpayers; reducing the number of transactions carried out by cash; reducing the finances available to terrorists and radical groups such as Maoists and Naxalites ; and integrating the formal and informal economies.

There were reports of people circumventing the restrictions imposed on exchange transactions by conducting multiple transactions at different bank branches, and by sending hired people, employees, and followers in groups to exchange large amounts of demonetized banknotes at banks.

The cash deposited into hundis cash collection boxes in temples and gurudwaras are exempted from inquiry by the tax department; this is sometimes to launder money. This came to the notice of the Indian Railways authorities, who imposed restrictions to check evasion. In —18, the number of detected counterfeit banknotes was close to the number before demonetisation.

2016 Indian banknote demonetisation

The number of income tax returns filing increased from The tax compliance had increased with number of income tax returns filing increased but majority of them were from salaried and non-business class.

The income tax collections increased in financial year due to Income Disclosure Scheme If adjusted for it, the increase in tax collection was modest. The tax-to-GDP ratio has increased due to expanding tax base. The use of demonetised banknotes was allowed for the payment of municipal and local civic body taxes, leading to a jump in their revenue collections. The push for the digital payments was one of the stated intention of the demonetisation.

The debit card point of sale transactions was twice the size of value suggested by trend before the Demonetization. The value of credit card increased but no sharp growth was seen.

The mobile wallet transactions picked up immediately after the Demonetization followed by dip in mid due to easing cash shortage. There was again sharp rise thereafter. By Aprilthe volume of the digital payments had doubled.

The currency-to-GDP ratio was Your wallet contents have never been as brightly-hued. Hot on the heels of the demonetisation announcement in and the introduction of the bright pink Rs banknote came news reports that the RBI officials were planning to redesign all existing currency notes gradually.

Since then, we have seen the introduction of banknotes in florescent blue and bright yellow, and chocolate brown is reportedly coming soon. Here's all you need to know about these new currency notes. The Reserve Bank of India is reportedly all set to issue new Rs 10 denomination banknotes under the Mahatma Gandhi series with chocolate brown colour as the base. The reverse side is expected to feature Odisha's Konark Sun Temple instead of the merged image of a tiger, elephant and rhino printed on the Rs 10 note currently in circulation.

It may also include two number panels with numerals in ascending size on the front side, as can be seen in the recently-introduced Rs 50 and Rs banknotes. The new design was approved by the government just last week but around one billion pieces of the banknote has already been printed by the apex bank according to news reports.

The new note has actually been a long time coming. As early as Marchthe RBI had announced plans to issue Rs 10 denomination banknotes in the Mahatma Gandhi Series with inset letter 'L' in both the number panels, bearing the signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing ''.

Let's see when it is finally introduced. In Augustthe apex bank announced the introduction of the new florescent blue Rs 50 denomination banknotes in the Mahatma Gandhi Series, bearing Patel's signature. A motif of Hampi with Chariot along with the Swachh Bharat logo and slogan replaces the image of Indian Parliament with a hoisted flag printed on the reverse side of the old Rs 50 note.

The new note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

The numerals on the number panels on the front of the note-at the top right and bottom left corners-have been designed ascending in size from left to right. Apart from this, the front of the note shows Mahatma Gandhi's portrait in the middle with the guarantee clause and the RBI emblem.

The Ashok Pillar emblem has been placed along the far right edge of the new Rs 50 note, whereas Rs 50 in Devnagri can be seen on its left. The windowed, demetalised security strip can be seen at running breadth-wise with inscriptions RBI and Bharat in Devnagri on it. Another big change is the size of the banknote itself. While the dimensions of the old Rs 50 note stood at 73 mm X mm, the new note is leaner at 66 mm x mm. Moreover, given that the new note is already in trouble for not being visually impaired-friendly, it may not make it to the ATMs at all.

The bright yellow note features a motif of the Sanchi Stupa in Madhya Pradesh, depicting the country's cultural heritage like most of the new currency notes. While most of the other salient features are just like the Rs 50 note mentioned above, this new note includes features to aid the visually impaired.

Rs 50, Rs 200, Rs 500 and Rs 2000 notes images: Here are the new currency notes released by RBI

Apart from raised printing of Mahatma Gandhi's portrait and the Ashoka Pillar emblem, the banknote features a raised Identification mark H with micro-text Rsfour angular bleed lines with two circles in between the lines both on the right and left sides.

Last but not the least, the windowed security thread in this note changes colour from green to blue when tilted. But though the new banknote has been made available at bank branches over three months ago, hardly any ATM is dispensing it.

The reason is that its dimensions 66 mm x mm are different from the existing currency in circulation due to which ATMs have to be recalibrated. According to The Economic Times, the central bank has ordered banks to get on with the recalibration effort to ensure more Rs notes are dispensed as part of its efforts to step up supply of lower denomination notes. However, according to sources quoted by the daily, the banking industry is likely to spend more than Rs crore to recalibrate the 2.

So far, only 4,odd ATMs have been recalibrated. Representative image. Once the RBI finishes the whole exercise of putting Rs notes into the system, it will reportedly redesign and print the Rs denomination note. The printing will start in April next year, according to a report by Hindustan Times.

thoughts on “Indian currency notes

Leave a Reply

Your email address will not be published. Required fields are marked *