Re. 1 denomination currency notes with Rupee symbol and the inset letter ‘L’ to hit market soon

The Reserve Bank of India (RBI) on 30 May 2017 said that the currency notes of one rupee denomination will be put into circulation soon. The notes have been printed by the Government of India.

As per the press release, these currency notes are 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.

Dimensions and paper composition of One Rupee Currency Note will be the same as it was indicated in the notification of the Ministry of Finance, Department of Economic Affairs of 25 May 2017. It was published in the Gazette of India–Extraordinary-Part –II-Section 3-Sub-section (i), No. 417.

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Dimension and composition of the bank note of Re 1

The design of the One Rupee Currency Notes will be as under:

(1) Obverse:

(a) It contains the words ‘भारत सरकार’ above the words “Government of India” with the bilingual signature of Shri Shaktikanta Das, Secretary, Ministry of Finance and with the replica of New Rupee One coin with symbol of 2017 issued with ‘सत्यमेव जयते’ and capital insert letter ‘L’ in numbering panel. The numbering will be in the black at the right-hand bottom portion of the note.

(b) The numbering shall be in the black at the right-hand bottom portion of the Note in ascending size of numerals from left to right, while the first three alphanumeric characters(prefix) remains constant in size.

(2) Reverse: It contains the words ‘भारत सरकार’ above the words “Government of India” with the year 2017 on the representation of One Rupee coin with symbol having floral design and the surrounding design consists of the picture of ‘Sagar Samrat’ the oil exploration platform and with the authentic rendering of value in fifteen Indian languages in language panel with the year figure shown on the centre bottom in international number.

(3) Overall Colour Scheme: The colour of One Rupee Currency Note shall be predominantly pink green on the obverse and reverse in combination with others.

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Background

Printing of one rupee notes was discontinued in 1994 but was re-launched in 2015. At present, one rupee coins are minted.