Facts about new one-rupee currency note | Fusion - WeRIndia

Facts about new one-rupee currency note

Facts about new one-rupee currency note

The Union Ministry of Finance issued a notification on ‘Printing of One Rupee Currency Notes Rules, 2020’.

The Government of India will print ₹1 for circulation.

The one-rupee note was introduced by the British on November 30, 1917. The Government of India brought out the new design ₹1 note in 1949.

Here are some important facts about the new 1 currency note:

  • The new one-rupee note will be in pink green color on observe and reverse in combination with others. It will be rectangular with dimensions of 9.7 x 6.3 cm.
  • This currency note will have the bilingual signature of Atanu Chakraborty, Secretary, Ministry of Finance.
  • It will have ‘Bharat Sarkar’ on its masthead and ‘Government of India’ printed below instead of ‘Bharatiya Reserve Bank’ and ‘Reserve Bank of India’ which is printed on remaining currency notes.
  • The central government will issue the note instead of the RBI.
  • The watermarks of the ₹1 note to be included the Ashoka Pillar. It will have “1” and “Bharat”. These hidden numeral and words are arranged vertically on the right-hand side.
  • It will have ‘Satyamev Jayate’ and capital inset letter ‘L’ in numbering panel.
  • The note will feature a replica of the ₹1 coin with ‘ ₹’ symbol of 2020 and an image of the ‘Sagar Samrat’ oil exploration rig.
  • The ‘ ₹’ symbol will have the design of grains to depict the predominance of the agricultural sector of the country.
  • The numbering shall be in ascending size of numerals from left to right. It shall be in black at the right-hand side at the bottom of the currency note.
  • The first three alphanumeric characters remain constant in size.
  • The new ₹1 note will cost the taxpayer 94 paise, while the ₹1 coin values 70 paise when melted.

Image Attribution: Reserve Bank of India / YVSREDDY / CC BY-SA 3.0

Image Reference: https://commons.wikimedia.org/wiki/File:Indian_One_Rupee_Note_(YS).JPG

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