One rupee notes are all set to come back into circulation as the
government has decided to restart printing the currency after more than
two decades. "The Reserve Bank of India will soon put in circulation
currency notes in one rupee denomination. The notes will be printed by
the Government of India," Reserve Bank said in a statement on Wednesday March 04,2015
In November 1994, printing of one rupee note was stopped mainly due to higher cost and for freeing capacity to print currency notes of higher denomination. Printing of two and five rupee notes too were discontinued in 1995. Since then, only coins have been issued for these denominations. Older notes are still in circulation and remain legal tender
RBI said the notes to be issued would be 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," it added. Detailing about the dimensions of the rupee note, the RBI said it will be 9.7 by 6.3 centimetres made of 100 per cent cotton rag content. It will weigh 90 grams per square metre and have thickness of 110 microns.
As watermarks, it will bear Ashoka Pillar symbol in the window without words 'Satyamev Jayate', carry a hidden numeral in the centre while hidden word Bharat (in hindi) will be on the right hand side of the note. "The colour of one Rupee Currency Note will be predominantly pink green on obverse and reverse in combination with others," RBI said.
Other paper currency notes currently being printed are Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000
In November 1994, printing of one rupee note was stopped mainly due to higher cost and for freeing capacity to print currency notes of higher denomination. Printing of two and five rupee notes too were discontinued in 1995. Since then, only coins have been issued for these denominations. Older notes are still in circulation and remain legal tender
RBI said the notes to be issued would be 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," it added. Detailing about the dimensions of the rupee note, the RBI said it will be 9.7 by 6.3 centimetres made of 100 per cent cotton rag content. It will weigh 90 grams per square metre and have thickness of 110 microns.
As watermarks, it will bear Ashoka Pillar symbol in the window without words 'Satyamev Jayate', carry a hidden numeral in the centre while hidden word Bharat (in hindi) will be on the right hand side of the note. "The colour of one Rupee Currency Note will be predominantly pink green on obverse and reverse in combination with others," RBI said.
Other paper currency notes currently being printed are Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000
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