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“The Knowledge Library”

Knowledge for All, without Barriers……….
An Initiative by: Kausik Chakraborty.

The Knowledge Library

Facts: Coins and Currency Notes of India

Coins
The Government of India has the sole right to mint coins in terms of the Coinage Act, 1906
The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.
Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act, 1906.
India adopted the decimal system of coinage wef 01 April 1957
As per Coinage Act 1 Re coins can be used to pay/settle Amount not exceeding Rs. 1000
As per Coinage Act 0.50 ps coins can be used to pay/settle Amount not exceeding Rs. 10
The one rupee note is issued by the Ministry of Finance and signed by the Finance Secretary
One rupee note is considered a coin as per the Indian Coinage Act, 2011
Rs. 10 bimetallic coins are made of aluminum-bronze (outer ring) and copper-nickel (inner part)
Currency Notes
The number of languages on the language panel of a currency note is Fifteen
The total number of languages on a currency note (including Hindi and English) is Seventeen
The Indian rupee symbol was created by D. Uday Kumar
RBI can issue notes upto the value of Rs. 10,000/-

Images/Identification Marks on Currency Notes

A special feature in intaglio has been introduced on the left of the watermark window on notes to help the visually impaired to identify the denomination.

Denomination Image on the obverse of the Note Identification mark for visually impaired
Rs. 5 Tractor in a field —
Rs. 10 Rhinoceros, Tiger and elephant —
Rs. 20 Mt Harriet and Port Blair lighthouse Rectangle
Rs. 50 Indian Parliament House Square
Rs. 100 Himalayas Triangle
New notes – Post 2016
Rs. 2000 Mangalyaan –
Rs. 500 (new) Red Fort –
Rs. 200 Sanchi Stupa Letter H
Rs. 100 Rani ki Vav –
Rs. 50 Hampi with chariot –
Rs. 20 Ellora caves –
Rs. 10 Konark sun temple –
Demonetized notes
Rs. 1000 Economy of India represented by an oil rig, satellite, computer, harvester and foundry Diamond
Rs. 500 Dandi march represented by Gyarah Murti statue of Delhi Circle
Also Read  Fixed Cost Vs Variable Cost

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