The Centre will soon introduce new currency notes in one rupee denomination in the market. These notes will be printed by the Ministry of Finance, and not by the Reserve Bank of India (RBI) unlike other denominations of Indian currency.
Informing the same a gazette notification has been issued by the Union Ministry of Finance named ‘Printing of One Rupee Currency Notes Rules, 2020’. The new currency will be equipped with various watermarks.
Here are the key features of the one rupee note:
- The One Rupee currency note will be rectangular in size with 9.7 x 6.3 cms.
- The paper used in the currency will be 100 per cent (cotton) rag content. The note will be 110 microns thick, weighing 90 GSM.
- The note will be in pink green colour having combination with others.
- It will have multi-tonal watermarks with Ashoka Pillar in the window. It will have numeral ‘1’ hidden in the centre and the word (Bharat) hidden vertically on the right-hand side.
- The front side of the note will contain the words “Bharat Sarkar‟ above the words “Government of India”.
- It will have the design of grains depicting the agricultural dominance of the country. It will also consist of a picture of “Sagar Samrat” the oil exploration platform.
It may be mentioned that the smallest denomination of the Indian banknotes is issued by the Government that is why the note bears the signature of the Finance Secretary and not RBI governor.
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