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SECURITY FEATURES ON INDIAN
BANKNOTE
The Reserve Bank has the sole authority to issue bank notes in India. Reserve Bank, like other central banks the
world over, changes the design of banknotes from time to time. The Reserve Bank has introduced banknotes in the
Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50,
Rs.100, Rs.500 and Rs.1000 in this series. And recently 8/10/2016 new Rs.2000 and Rs.500 note.These notes
contain distinct easily recognizable security features to facilitate the detection of genuine notes vis-à-vis forgeries.
❖GENERAL:
• Rupee one notes are issued with the signature of the Secretary,
Ministry of Finance, Government of India.
• The notes of Rs.2 and above denominations are bank notes and are
issued with the signature of the Governor, Reserve Bank of India.
CURRENT CIRCULATING BANKNOTE
SECURITY FEATURES
• Water mark
• Latent image
• Intaglio
• Fluorescence
• Security thread
• Microlettering
• Identification mark
• Optically variable ink
• See through the register
BLEED
LINES
SEE THROUGH REGISTER
LATENT IMAGE
SECURITY THREAD
MICROLETTERING
WATERMARK
OPTICAL VARIABLE INK
I.M.
INTAGLIO
NUMBER PANNEL
WATER MARK
• The Mahatma Gandhi Series of banknotes contain the Mahatma
Gandhi watermark with a light and shade effect and multi-
directional lines in the watermark window.
SECURITY THREAD
• Rs.1000 notes introduced in October 2000 contain a readable,
windowed security thread alternately visible on the obverse
with the inscriptions ‘Bharat’ (in Hindi), ‘1000’ and ‘RBI’, but
totally embedded on the reverse. The Rs.500 and Rs.100 notes
have a security thread with similar visible features and
inscription ‘Bharat’ (in Hindi), and ‘RBI’. When held against the
light, the security thread on Rs.1000, Rs.500 and Rs.100 can
be seen as one continuous line. The Rs.5, Rs.10, Rs.20 and
Rs.50 notes contain a readable, fully embedded windowed
security thread with the inscription ‘Bharat’ (in Hindi), and
‘RBI’. The security thread appears to the left of the
Mahatma's portrait. Notes issued prior to the introduction of
the Mahatma Gandhi Series have a plain, non-readable fully
embedded security thread.
LATENT IMAGE
• On the obverse side of Rs.1000, Rs.500, Rs.100, Rs.50 and
Rs.20 notes, a vertical band on the right side of the Mahatma
Gandhi’s portrait contains a latent image showing the
respective denominational value in numeral. The latent image is
visible only when the note is held horizontally at eye level.
MICROLETTERING
• This feature appears between the vertical band and
Mahatma Gandhi portrait. It contains the word ‘RBI’ in Rs.5
and Rs.10. The notes of Rs.20 and above also contain the
denominational value of the notes in microletters. This
feature can be seen better under a magnifying glass.
INTAGLIO PRINTING
• The portrait of Mahatma Gandhi, the Reserve Bank seal,
guarantee and promise clause, Ashoka Pillar Emblem on the
left, RBI Governor's signature are printed in intaglio i.e. in
raised prints, which can be felt by touch, in Rs.20, Rs.50,
Rs.100, Rs.500 and Rs.1000 notes.
IDENTIFICATION MARK
•A special feature in intaglio has been introduced on the left of the
watermark window on all notes except Rs.10/- note. This feature is
in different shapes for various denominations (Rs. 20-Vertical
Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle,
Rs.1000-Diamond) and helps the visually impaired to identify the
denomination.
OPTICALLY VARIABLE INK
• This is a new security feature incorporated in the Rs.1000 and
Rs.500 notes with revised colour scheme introduced in
November 2000. The numeral 1000 and 500 on the obverse of
Rs.1000 and Rs.500 notes respectively is printed in optically
variable ink viz., a colour-shifting ink. The colour of the
numeral 1000/500 appears green when the note is held flat
but would change to blue when the note is held at an angle.
FLUORESCENCE
• Number panels of the notes are printed in fluorescent ink. The
notes also have optical fibres. Both can be seen when the
notes are exposed to ultra-violet lamp as shown below.
SEE THROUGH THE REGISTER
• The small floral design printed both on the front (hollow) and
back (filled up) of the note in the middle of the vertical band
next to the Watermark has an accurate back to back
registration. The design will appear as one floral design when
seen against the light.
DIFFERENCE BETWEEN Rs 1000 & OTHER NOTES
• Rs.1000 notes are printed in Optically Variable Ink. The color of
these numerals appear green when the notes are held flat but
would change to blue when the notes are held at an angle. While
other notes are printed with fluorescent ink.
• Red in color. While 500 note is yellowish in color, 100 note is
blue in color.
• Identification mark on note Diamond. While Rs. 20-Vertical
Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle.
Rs. 2,000 (colour: magenta)
1. See through register where the numeral 2,000 can be seen
when note is held against light
2. Latent image of 2,000 can be seen when the note is tilted
3. Devanagari denomination
4. Portrait of Mahatma Gandhi
5. Micro letters 'RBI' and '2,000'
6. Colour shift security thread with 'RBI' and ‘2,000'
Size - 66mm x 166mm
7. Guarantee clause, Governor's signature and RBI emblem on the right
8. Watermarks of Mahatma Gandhi and electrotype 2,000 numeral
9. Number panel with numerals growing from small to big on top left
and bottom right sides
10. Denominational numeral with Rupee symbol, 2,000 in colour
changing ink
11. Ashoka pillar emblem
12. Rectangle with Rs.2,000 in raised print on right
13. Seven angular bleed lines in raised print
14. Number panel with numerals growing from small to big on the top
left side and bottom right side. This change will make the forging of
the note tougher as the varying size of the numerals were not present
in the earlier versions of the currency.
16. Year of printing of the note on the left.
17. Swachh Bharat logo with the slogan.
18. Language panel towards the center.
19. The motif of Mangalayan.
20. Denominational situated at the left-hand side.
Rs. 500 note
Size - 66mm x 166mm
1. See through register where the numeral 2,000 can be seen
when note is held against light
2. Latent image of 2,000 can be seen when the note is tilted
3. Devanagari denomination
4. Orientation of Mahatma Gandhi's portrait changed
5. Windowed security thread changes from green to blue when note is
tilted
6. Guarantee clause, Governor's signature, RBI emblem shifted towards
right
7. Portrait and electrotype watermarks
8. Number panel with numerals growing from small to big on top left
and bottom right sides
9. Denomination in nuemrals with Rupee symbol in colour changing ink
(green to blue) on bottom right
10. Ashoka pillar emblem on right
11. Circle with Rs. 500 in raised print on the right
12. Bleed lines on left and right in raised print
DIFFERENCE BETWEEN NEW AND
OLD 500 RUPEE NOTE
• Colour Difference, old note have yellowish-
green colour and the newer note have bluish-
green colour.
• The style of the note reverts.
• In new note 500 is written on the blank space
• On new note there are circle rounds drawn.
• The note number is written slightly download on
the new note.
• It also have the border signs
• The New note have the tracking lines on the
border of it.
2000 AND 1000 RUPEE NOTE
• The Specimen of 1000 Rupees Note
is not Revealed by the the Reserve
Bank Of India (RBI Bank).
• Our Prime Minister Narender Modi
and the Reserve Bank of India
Reveals the Specimen of 2000
Rupees Note in the Indian Market
and Claims that 2000 Rs Note
Launch in the market with the other
New Currencies. It Also Have the
Same Features of the 500 Rupees
Note, as mentioned above.
• The first RUPEE was introduced by Sher Shah Suri (1486-1545)
based on a ratio of 40 copper pieces (paisa) per rupee.
• The name was derived from the Sanskrit word raupyakam, meaning
Silver.
During British rule, and the first decade of independence,
• 1 Damidi(pie)=0.520833paise,
• 1 Kani(pice) =1.5625paise,
• 1 Paraka =3.125paise,
• 1 Anna =6.25paise,
• 1 Beda =12.5paise,
• 1 Pavala =25paise,
• 1 Artharupee =50paise,
• 1 Rupee =100paise
• Until 1815, the Madras Presidency also issued a currency based on
the fanam, with 12 fanams equal to the rupee.
• In 1957, decimalisation occurred and the rupee was divided into
100 naye paise (Hindi for "new paise").
• In 1964, the initial "naye" was dropped. Many still refer to 25, 50
and 75 paise as 4, 8 and 12 annas respectively.
The Government of India introduced
its first paper money in
• 1861: 10 rupee notes.
• 1864: 20 rupee notes
• 1872: 5 rupees in 1872,
• 1899: 10,000 rupees
• 1900: 100 rupees
• 1905: 50 rupees
• 1907: 500 rupees
• 1909: 1000 rupees
• 1917: 1 and 2½ rupees notes were introduced.
1938: The Reserve Bank of India began note production in issuing 2, 5,
10, 100, 1000 and 10000 rupee notes, while the Government
continued to issue 1 rupee notes.
After independence, new designs were introduced to remove the portrait
of the King. The government continued to issue the 1 rupee note,
while the Reserve Bank issued other denominations, including the 5000
and 10,000 rupee notes introduced in 1949.
• In the 1970s: Rupee notes of 20 and 50 were introduced but
denominations higher than 100 rupees were demonetized in 1978.
• 1987:Rupee note of 500 was introduced, followed by the 1000 rupees
in 2000.
• The rupee was legal tender across several countries during British
colonial days
• Rupee was replaced with local currency in Qatar and within the
United Arab Emirates until 1966 and in Kuwait (1961) and Bahrain
(1965)
• India escaped coming under British sterling coinage that became
effective in 1825 because it was under the East India Company, not
the British Crown.
• The earliest issues of paper rupees were
• 1770-1832: By the Bank of Hindustan
• 1773–1775:The General Bank of Bengal and Bihar established by
Warren Hastings)
• 1784–91:The Bengal Bank.
• In 1996: Mahatma Gandhi Series Currency notes are printed at the
Currency Note Press, Nashik, Bank Note Press, Dewas, Bharatiya
Note Mudra Nigam (P) Limited presses at Salboni and Mysore and at
the Watermark Paper Manufacturing Mill, Hoshangabad.
• Each banknote has its amount written in 17
languages (English & Hindi on the front, and 15
others on the back) illustrating the diversity of
the country.
INDIAN RUPEE COIN
• The three Presidencies established by the British
East India Company (Bengal, Bombay and Madras)
each issued their own coinages up to 1835. All
three issued rupees together with fractions down to
⅛ and 1⁄16 rupee in silver. Madras also issued 2
rupees coins.
• Copper denominations were more varied.
• Bengal issued 1 pie, ½, 1 and 2 paise.
• Bombay issued 1 pie, ¼, ½, 1, 1½, 2 and 4 paise.
• In Madras, there were copper coins for 2, 4 pies,
1, 2 and 4 paisa, with the first two denominated as
½ and 1 dub or 1⁄96 and 1⁄48 rupee.
• Note that Madras issued the Madras fanam until
1815.
• In 1835, a single coinage for the EIC was introduced. It consisted of
copper 1⁄12, ¼ and ½ anna, silver ¼, ½ and 1 rupee and gold 1 and 2
mohurs.
• In 1841, silver 2 annas were added, followed by copper ½ pice in 1853.
The coinage of the EIC continued to be issued until 1862, even after
the Company had been taken over by the Crown.
• In 1906, bronze replaced copper for the lowest three
denominations and in 1907, a cupro-nickel 1 anna was introduced.
• In 1918 and 1919, cupro-nickel 2, 4 and 8 annas were introduced,
although the 4 and 8 annas coins were only issued until 1921 and did
not replace their silver equivalents.
• In the early 1940s, several changes were implemented.
• The 1⁄12 anna and ½ pice ceased production, the ¼ anna was changed
to a bronze, holed coin, cupro-nickel and nickel-brass ½ anna coins
were introduced, nickel-brass was used to produce some 1 and 2
annas coins, and the composition of the silver coins was reduced from
91.7% to 80%.
• The last of the regal issues were cupro-nickel ¼, ½ and 1 rupee pieces
minted in 1946 and 1947.
• In 1964, the word naya(e) was removed from all the coins. Between
1964 & 1967, aluminum 1, 2, 3, 5 & 10 paise were introduced. In
1968, nickel-brass 20 paise were introduced, replaced by aluminum
coins in 1982.
• Between 1972 & 1975, cupro-nickel replaced nickel in the 25 & 50
paise as well as the 1 rupee. In 1982, cupro-nickel 2 rupees coins
were introduced. In 1988, stainless steel 10, 25 & 50 paise were
introduced, followed by 1 & 5 rupee coins in 1992.
• Between 2005 & 2008, new, lighter 50 paise, 1, 2 & 5 rupee coins
were introduced, all struck in ferritic stainless steel. The move was
prompted by the melting down of older coins whose face value was
less than their scrap value
• The coins commonly in circulation are 1, 2, 5 & 10 rupees. Although
they remain valid, paise coins have become increasingly rare in regular
usage.
MUMBAI MINT
KOLKATA MINT
THE HYDERABAD MINT
NOIDA MINT
• The currency is at present denoted simply by “Rs” or “INR” which is
short for Indian rupee, but these are not “symbols” but
“abbreviations” for the word ‘Rupee’.
• On 15th of July 2010 cabinet, finalized the design for the Rupee.
• An engineer, IIT post-graduate Uday Kumar has been honored. His
design out of five shortlisted ones is selected for the new symbol of
the Indian Rupee.
THANK YOU

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Gajender mahlawat

  • 1. SECURITY FEATURES ON INDIAN BANKNOTE The Reserve Bank has the sole authority to issue bank notes in India. Reserve Bank, like other central banks the world over, changes the design of banknotes from time to time. The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 in this series. And recently 8/10/2016 new Rs.2000 and Rs.500 note.These notes contain distinct easily recognizable security features to facilitate the detection of genuine notes vis-à-vis forgeries.
  • 2. ❖GENERAL: • Rupee one notes are issued with the signature of the Secretary, Ministry of Finance, Government of India. • The notes of Rs.2 and above denominations are bank notes and are issued with the signature of the Governor, Reserve Bank of India.
  • 4. SECURITY FEATURES • Water mark • Latent image • Intaglio • Fluorescence • Security thread • Microlettering • Identification mark • Optically variable ink • See through the register
  • 5. BLEED LINES SEE THROUGH REGISTER LATENT IMAGE SECURITY THREAD MICROLETTERING WATERMARK OPTICAL VARIABLE INK I.M. INTAGLIO NUMBER PANNEL
  • 6. WATER MARK • The Mahatma Gandhi Series of banknotes contain the Mahatma Gandhi watermark with a light and shade effect and multi- directional lines in the watermark window.
  • 7. SECURITY THREAD • Rs.1000 notes introduced in October 2000 contain a readable, windowed security thread alternately visible on the obverse with the inscriptions ‘Bharat’ (in Hindi), ‘1000’ and ‘RBI’, but totally embedded on the reverse. The Rs.500 and Rs.100 notes have a security thread with similar visible features and inscription ‘Bharat’ (in Hindi), and ‘RBI’. When held against the light, the security thread on Rs.1000, Rs.500 and Rs.100 can be seen as one continuous line. The Rs.5, Rs.10, Rs.20 and Rs.50 notes contain a readable, fully embedded windowed security thread with the inscription ‘Bharat’ (in Hindi), and ‘RBI’. The security thread appears to the left of the Mahatma's portrait. Notes issued prior to the introduction of the Mahatma Gandhi Series have a plain, non-readable fully embedded security thread.
  • 8. LATENT IMAGE • On the obverse side of Rs.1000, Rs.500, Rs.100, Rs.50 and Rs.20 notes, a vertical band on the right side of the Mahatma Gandhi’s portrait contains a latent image showing the respective denominational value in numeral. The latent image is visible only when the note is held horizontally at eye level.
  • 9. MICROLETTERING • This feature appears between the vertical band and Mahatma Gandhi portrait. It contains the word ‘RBI’ in Rs.5 and Rs.10. The notes of Rs.20 and above also contain the denominational value of the notes in microletters. This feature can be seen better under a magnifying glass.
  • 10. INTAGLIO PRINTING • The portrait of Mahatma Gandhi, the Reserve Bank seal, guarantee and promise clause, Ashoka Pillar Emblem on the left, RBI Governor's signature are printed in intaglio i.e. in raised prints, which can be felt by touch, in Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 notes.
  • 11. IDENTIFICATION MARK •A special feature in intaglio has been introduced on the left of the watermark window on all notes except Rs.10/- note. This feature is in different shapes for various denominations (Rs. 20-Vertical Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle, Rs.1000-Diamond) and helps the visually impaired to identify the denomination.
  • 12. OPTICALLY VARIABLE INK • This is a new security feature incorporated in the Rs.1000 and Rs.500 notes with revised colour scheme introduced in November 2000. The numeral 1000 and 500 on the obverse of Rs.1000 and Rs.500 notes respectively is printed in optically variable ink viz., a colour-shifting ink. The colour of the numeral 1000/500 appears green when the note is held flat but would change to blue when the note is held at an angle.
  • 13. FLUORESCENCE • Number panels of the notes are printed in fluorescent ink. The notes also have optical fibres. Both can be seen when the notes are exposed to ultra-violet lamp as shown below.
  • 14. SEE THROUGH THE REGISTER • The small floral design printed both on the front (hollow) and back (filled up) of the note in the middle of the vertical band next to the Watermark has an accurate back to back registration. The design will appear as one floral design when seen against the light.
  • 15. DIFFERENCE BETWEEN Rs 1000 & OTHER NOTES • Rs.1000 notes are printed in Optically Variable Ink. The color of these numerals appear green when the notes are held flat but would change to blue when the notes are held at an angle. While other notes are printed with fluorescent ink. • Red in color. While 500 note is yellowish in color, 100 note is blue in color. • Identification mark on note Diamond. While Rs. 20-Vertical Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle.
  • 16. Rs. 2,000 (colour: magenta) 1. See through register where the numeral 2,000 can be seen when note is held against light 2. Latent image of 2,000 can be seen when the note is tilted 3. Devanagari denomination 4. Portrait of Mahatma Gandhi 5. Micro letters 'RBI' and '2,000' 6. Colour shift security thread with 'RBI' and ‘2,000' Size - 66mm x 166mm
  • 17. 7. Guarantee clause, Governor's signature and RBI emblem on the right 8. Watermarks of Mahatma Gandhi and electrotype 2,000 numeral 9. Number panel with numerals growing from small to big on top left and bottom right sides 10. Denominational numeral with Rupee symbol, 2,000 in colour changing ink 11. Ashoka pillar emblem 12. Rectangle with Rs.2,000 in raised print on right 13. Seven angular bleed lines in raised print 14. Number panel with numerals growing from small to big on the top left side and bottom right side. This change will make the forging of the note tougher as the varying size of the numerals were not present in the earlier versions of the currency. 16. Year of printing of the note on the left. 17. Swachh Bharat logo with the slogan. 18. Language panel towards the center. 19. The motif of Mangalayan. 20. Denominational situated at the left-hand side.
  • 18. Rs. 500 note Size - 66mm x 166mm 1. See through register where the numeral 2,000 can be seen when note is held against light 2. Latent image of 2,000 can be seen when the note is tilted 3. Devanagari denomination
  • 19. 4. Orientation of Mahatma Gandhi's portrait changed 5. Windowed security thread changes from green to blue when note is tilted 6. Guarantee clause, Governor's signature, RBI emblem shifted towards right 7. Portrait and electrotype watermarks 8. Number panel with numerals growing from small to big on top left and bottom right sides 9. Denomination in nuemrals with Rupee symbol in colour changing ink (green to blue) on bottom right 10. Ashoka pillar emblem on right 11. Circle with Rs. 500 in raised print on the right 12. Bleed lines on left and right in raised print
  • 20. DIFFERENCE BETWEEN NEW AND OLD 500 RUPEE NOTE • Colour Difference, old note have yellowish- green colour and the newer note have bluish- green colour. • The style of the note reverts. • In new note 500 is written on the blank space • On new note there are circle rounds drawn. • The note number is written slightly download on the new note. • It also have the border signs • The New note have the tracking lines on the border of it.
  • 21. 2000 AND 1000 RUPEE NOTE • The Specimen of 1000 Rupees Note is not Revealed by the the Reserve Bank Of India (RBI Bank). • Our Prime Minister Narender Modi and the Reserve Bank of India Reveals the Specimen of 2000 Rupees Note in the Indian Market and Claims that 2000 Rs Note Launch in the market with the other New Currencies. It Also Have the Same Features of the 500 Rupees Note, as mentioned above.
  • 22. • The first RUPEE was introduced by Sher Shah Suri (1486-1545) based on a ratio of 40 copper pieces (paisa) per rupee. • The name was derived from the Sanskrit word raupyakam, meaning Silver.
  • 23. During British rule, and the first decade of independence, • 1 Damidi(pie)=0.520833paise, • 1 Kani(pice) =1.5625paise, • 1 Paraka =3.125paise, • 1 Anna =6.25paise, • 1 Beda =12.5paise, • 1 Pavala =25paise, • 1 Artharupee =50paise, • 1 Rupee =100paise
  • 24. • Until 1815, the Madras Presidency also issued a currency based on the fanam, with 12 fanams equal to the rupee. • In 1957, decimalisation occurred and the rupee was divided into 100 naye paise (Hindi for "new paise"). • In 1964, the initial "naye" was dropped. Many still refer to 25, 50 and 75 paise as 4, 8 and 12 annas respectively.
  • 25. The Government of India introduced its first paper money in • 1861: 10 rupee notes. • 1864: 20 rupee notes • 1872: 5 rupees in 1872, • 1899: 10,000 rupees • 1900: 100 rupees • 1905: 50 rupees • 1907: 500 rupees • 1909: 1000 rupees • 1917: 1 and 2½ rupees notes were introduced.
  • 26. 1938: The Reserve Bank of India began note production in issuing 2, 5, 10, 100, 1000 and 10000 rupee notes, while the Government continued to issue 1 rupee notes. After independence, new designs were introduced to remove the portrait of the King. The government continued to issue the 1 rupee note, while the Reserve Bank issued other denominations, including the 5000 and 10,000 rupee notes introduced in 1949.
  • 27. • In the 1970s: Rupee notes of 20 and 50 were introduced but denominations higher than 100 rupees were demonetized in 1978. • 1987:Rupee note of 500 was introduced, followed by the 1000 rupees in 2000. • The rupee was legal tender across several countries during British colonial days • Rupee was replaced with local currency in Qatar and within the United Arab Emirates until 1966 and in Kuwait (1961) and Bahrain (1965)
  • 28. • India escaped coming under British sterling coinage that became effective in 1825 because it was under the East India Company, not the British Crown. • The earliest issues of paper rupees were • 1770-1832: By the Bank of Hindustan • 1773–1775:The General Bank of Bengal and Bihar established by Warren Hastings) • 1784–91:The Bengal Bank.
  • 29. • In 1996: Mahatma Gandhi Series Currency notes are printed at the Currency Note Press, Nashik, Bank Note Press, Dewas, Bharatiya Note Mudra Nigam (P) Limited presses at Salboni and Mysore and at the Watermark Paper Manufacturing Mill, Hoshangabad.
  • 30. • Each banknote has its amount written in 17 languages (English & Hindi on the front, and 15 others on the back) illustrating the diversity of the country.
  • 31. INDIAN RUPEE COIN • The three Presidencies established by the British East India Company (Bengal, Bombay and Madras) each issued their own coinages up to 1835. All three issued rupees together with fractions down to ⅛ and 1⁄16 rupee in silver. Madras also issued 2 rupees coins. • Copper denominations were more varied. • Bengal issued 1 pie, ½, 1 and 2 paise. • Bombay issued 1 pie, ¼, ½, 1, 1½, 2 and 4 paise. • In Madras, there were copper coins for 2, 4 pies, 1, 2 and 4 paisa, with the first two denominated as ½ and 1 dub or 1⁄96 and 1⁄48 rupee. • Note that Madras issued the Madras fanam until 1815.
  • 32. • In 1835, a single coinage for the EIC was introduced. It consisted of copper 1⁄12, ¼ and ½ anna, silver ¼, ½ and 1 rupee and gold 1 and 2 mohurs. • In 1841, silver 2 annas were added, followed by copper ½ pice in 1853. The coinage of the EIC continued to be issued until 1862, even after the Company had been taken over by the Crown.
  • 33. • In 1906, bronze replaced copper for the lowest three denominations and in 1907, a cupro-nickel 1 anna was introduced. • In 1918 and 1919, cupro-nickel 2, 4 and 8 annas were introduced, although the 4 and 8 annas coins were only issued until 1921 and did not replace their silver equivalents. • In the early 1940s, several changes were implemented. • The 1⁄12 anna and ½ pice ceased production, the ¼ anna was changed to a bronze, holed coin, cupro-nickel and nickel-brass ½ anna coins were introduced, nickel-brass was used to produce some 1 and 2 annas coins, and the composition of the silver coins was reduced from 91.7% to 80%. • The last of the regal issues were cupro-nickel ¼, ½ and 1 rupee pieces minted in 1946 and 1947.
  • 34. • In 1964, the word naya(e) was removed from all the coins. Between 1964 & 1967, aluminum 1, 2, 3, 5 & 10 paise were introduced. In 1968, nickel-brass 20 paise were introduced, replaced by aluminum coins in 1982. • Between 1972 & 1975, cupro-nickel replaced nickel in the 25 & 50 paise as well as the 1 rupee. In 1982, cupro-nickel 2 rupees coins were introduced. In 1988, stainless steel 10, 25 & 50 paise were introduced, followed by 1 & 5 rupee coins in 1992.
  • 35. • Between 2005 & 2008, new, lighter 50 paise, 1, 2 & 5 rupee coins were introduced, all struck in ferritic stainless steel. The move was prompted by the melting down of older coins whose face value was less than their scrap value • The coins commonly in circulation are 1, 2, 5 & 10 rupees. Although they remain valid, paise coins have become increasingly rare in regular usage.
  • 40. • The currency is at present denoted simply by “Rs” or “INR” which is short for Indian rupee, but these are not “symbols” but “abbreviations” for the word ‘Rupee’. • On 15th of July 2010 cabinet, finalized the design for the Rupee. • An engineer, IIT post-graduate Uday Kumar has been honored. His design out of five shortlisted ones is selected for the new symbol of the Indian Rupee.