(FE)
The Reserve Bank of India (RBI) will soon put into circulation currency notes in Re 1 denomination, it was revealed today. The Re 1 notes have been printed by the Government of India, the central bank revealed. These currency notes will be legal tender as provided in Coinage Act 2011. The circulation of these notes will in no way affect the fate of the previous currency in the same denomination. In fact, the existing currency notes in this denomination in circulation will continue to be legal tender.
RBI statement revealed that the dimensions and paper composition of one rupee currency note as indicated in the Notification No G.S.R. 516(E) dated May 25, 2017 by the Ministry of Finance, Department of Economic Affairs, published in the Gazette of India–Extraordinary-Part –II-Section 3-Sub-section (i), No. 417 dated May 25, 2017 will be:
1. Denomination of Note: One Rupee Currency Note
2. Shape and Size: Rectangular 9.7 x 6.3 cm
3. Paper Composition: a) 100 per cent (Cotton) Rag Content
b) Weight of Paper:- 90 GSM (Grams per Square Meter)
c) Thickness of Paper:- 110 microns
Multi tonal Watermarks :-
(i) Ashoka Pillar in the window without words ‘सत्यमेव जयते’
(ii) Hidden Numeral ‘1’ in the centre
(iii) Hidden Word ‘भारत’ vertically arranged on right hand side.
