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RBI to try plastic Rs.10 notes

RBI launches notes of Rs. 500 and Rs.2000
10 Nov 2016
  • Today, the RBI will launch brand new currency notes of Rs. 500 and Rs. 2000.
  • Pursuant to the invalidation of Rs. 500 and Rs. 1000 notes, banks and ATMs were closed to the public to withdraw old notes from ATMs.
  • RBI announced banks will remain open to the public the coming weekend to facilitate exchange of defunct currency bills.

  • Design of the new Rs. 500 note
  • The newest Rs. 500 banknote will have additional security features making it much more difficult to be counterfeited.
  • The new note's colour will be stone grey and its new theme will be that of the Red Fort on reverse.
  • Its size will vary from the older notes and the position of Gandhiji's portrait will differ.
  • It's also visually-impaired friendly.

  • Rs. 1000 note in a new avatar
    The recently withdrawn Rs. 1000 note will be back in circulation in a few months; new notes will vary in colour, dimensions, design and will have more advanced features than older ones.

    The newest currency note of Rs. 2000
  • For the first time ever, RBI will introduce Rs 2,000 notes.
  • These are believed to be magenta in colour and its theme is 'Mangalayaan' which is embossed on the reverse.
  • The Mangalayaan motif is to depict India's first venture in interplanetary space.
  • The higher value currency notes will likely have geometric patterns in sync with the overall colour scheme.

  • Swacchh Bharat makes an appearance!
    Narendra Modi's flagship project of 'Swachh Bharat' to improve sanitation will find a place on the new currency notes. Its slogan which means "one step towards cleanliness" will be on the new notes in Hindi.

    HC dismisses PIL questioning Devanagari numerals on new notes
    25 Feb 2017
  • A PIL questioning the use of Devanagari numerals on the new Rs. 2,000 notes has been dismissed by the Madras HC, saying the petitioner could file an appeal in the SC.
  • The judges rejected the plea after it was informed that similar cases were pending in the SC.
  • Chennai-resident Ganesan had submitted the plea saying Constitution prohibits the use of Devanagari numerals on currency.

  • RBI to introduce new Rs. 10 notes
    09 Mar 2017
  • The RBI has stated that it will soon issue new Rs. 10 notes with enhanced security features.
  • The new notes will feature the letter 'L' on both number panels, and will bear Urjit Patel's signature. The year of printing will be on the back and numerals will be ascending in size, except the first 3.
  • All old Rs.10 notes will continue to be valid.

  • RBI to try plastic Rs.10 notes
    17 Mar 2017
  • Sources said that the RBI will soon conduct field trials of plastic Rs. 10 notes that are expected to be more durable than their paper counterparts.
  • Minister of State for Finance Arjun Ram Meghwal said "it has been decided" that the field trials will commence at five locations of the country.
  • However details of when and where this would take place were not given.

  • This post first appeared on NewsBytes: Latest News, Breaking News India, Today News, Current News, please read the originial post: here

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    RBI to try plastic Rs.10 notes


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