Facts on Coins and Currency of India

Here are some facts and important information on coins and currency in 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 Any amount
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 aluminium-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
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
Rs. 500 (new) Red Fort
Rs. 2000 Mangalyaan

 

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