Learning Indian Currency | All Notes And Coins
The Indian currency is called the Indian Rupee (INR) and the coins are called paise. One Rupee consists of 100 paise.
Indian 1–rupee Note is made up of hundred 100 paisa’s as ₹1 = 100 paise. Currently, it is the smallest Indian banknote in circulation and the only one being issued by the Government of India, as all other banknotes in circulation are issued by the Reserve Bank of India
The Two Indian rupee note is the second smallest Indian note. It was introduced in 1943 and removed from circulation in 1995.
Five Indian rupee note is the smallest Indian note in circulation. The Reserve Bank of India has introduced 5 rupees banknote in the Mahatma Gandhi Series since 1996.The printing of notes in the denominations of Rs 5, however, has been discontinued as these denominations have been coinised.
The Indian 10-rupee banknote (₹10) is a common denomination of the Indian rupee. The ₹10 note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996. These notes are presently in circulation along with the Mahatma Gandhi New Series which were introduced in January 2018, this is used alongside with 10 rupee coin.
RBI to issue new 20 rupees denomination note. The Reserve Bank of India (RBI) has announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of the central bank’s governor Shaktikanta Das. “The Rs 20 note will be greenish-yellow in colour.
On 18 August 2017, the Reserve Bank of India introduced a new ₹50 banknote in the Mahatma Gandhi (New) Series. However, ₹50 banknotes of the previous series will continue to be legal tender.
On 10 November 2016, the Reserve Bank of India announced a new redesigned ₹100 banknote to be available as a part of the Mahatma Gandhi New Series.[3] On 19 July 2018, the Reserve Bank of India unveiled the revised design of ₹100 banknote On 19 July 2018, the Reserve Bank of India unveiled the revised design of ₹100 banknote.
On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1,000 banknotes with effect from midnight of the same day, making these notes invalid. A newly redesigned series of ₹500 banknote, since 10 November 2016. ₹1,000 has been suspended.
The Indian 2000-rupee banknote (₹2000) is a denomination of the Indian rupee. It was released by the Reserve Bank of India (RBI) on 8 November 2016 after the demonetisation of ₹500 and ₹1000 banknotes and It is a part of the Mahatma Gandhi New Series of banknotes with a completely new design.
On 25 August 2017, a new denomination of ₹200 banknote was added to the Indian currency structure to fill the gap of notes due to high demand for this note after demonetisation.
The Government of India has the sole right to mint coins. The responsibility for coinage vests with the Government of India in terms of the Coinage Act, 1906 as amended from time to time. The designing and minting of coins in various denominations is also the responsibility of the Government of India. Coins are minted at the four India Government Mints at Mumbai, Alipore(Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP).
Coins in India are presently being issued in denominations of 50 paise, one rupee, two rupees and five rupees. Coins upto 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’ Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act, 1906.
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