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The Reserve Bank of India has announced on 26 April 2019 that it would shortly issue a new ₹ 20 note. [8] The new denomination has a motif of Ellora Caves, a UNESCO World Heritage site in Aurangabad district, Maharashtra, India on the reverse, depicting the country's cultural heritage continuing with the theme in the Mahatma Gandhi New Series ...
Printing of five-notes, which had stopped earlier, restarted in 2009. On 8 November 2016, the ₹500 and ₹1000 banknote denominations of this series were demonetised and the new Mahatma Gandhi Series of banknotes were revealed in denominations of ₹500 and ₹2000, intended to replace this series.
In order to determine currency denominations, the Reserve Bank of India follows a variation of the Renard series, called the 1-2-5 series, in which a ‘decade’ or a 1:10 ratio is covered in 3 steps, such as 1, 2, 5, 10, 20, 50, 100, 200, 500, 1,000, etc. [7] The Reserve Bank of India described the 200-rupee notes as the missing link in the ...
The Reserve Bank of India has announced on 26 April 2019 that it would shortly issue a new ₹ 20 note. [4] The new denomination has a motif of Ellora Caves on the back, a UNESCO World Heritage site in Aurangabad district, Maharashtra, India on the reverse, depicting the country's cultural heritage continuing with the theme in Mahatma Gandhi ...
As of 2012, the new ₹ sign has been incorporated in revised versions of the ₹ 50 note. [8] In January 2014 RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015, then to 30 June 2016. [9]
The Indian 500-rupee banknote (₹500) is a denomination of the Indian rupee. In 1987, the ₹500 note was introduced, followed by the ₹1,000 note in 2000 while ₹1 and ₹2 notes were discontinued in 1995. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series.
The new bank note has a base color of Lavender with motif of Rani ki vav (Queen's stepwell) on the reverse side. Rani ki vav is located in Patan, Patan district, Gujarat, India. It is a UNESCO World Heritage Site. Dimensions of the bank note are measured at 142 mm × 66 mm.
SPMCIL consists of two currency printing presses: the Currency Note Press (CNP) in Nashik and the Bank Note Press (BNP) in Dewas. New production lines are also set up in Mysore and Salboni. The two units are engaged in the production of banknotes for India as well as a few foreign countries including Iraq, Nepal, Sri Lanka, Myanmar and Bhutan ...