{"id":82450,"date":"2019-01-05T18:17:42","date_gmt":"2019-01-05T12:47:42","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=82450"},"modified":"2019-01-05T18:17:54","modified_gmt":"2019-01-05T12:47:54","slug":"indian-currency-some-important-facts-you-should-know","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/india\/indian-currency-some-important-facts-you-should-know","title":{"rendered":"Indian Currency: Some important facts you should know"},"content":{"rendered":"

\"Indian<\/a><\/p>\n

We all deal with money on regular basis but do we know much about the currency notes? Are we aware of the symbols on them? You might not know that currency notes are not actually made of paper, but of cotton and cotton rags. Here we tell you about the languages, lines, and structures made on them and more interesting facts.<\/p>\n

1. Well, let’s start from the beginning. The process of issuing currency notes started back in the 18th century in India. After the Paper Currency Act of 1861, the Government of India was given the monopoly to print its own currency.<\/p>\n

2. After independence, Pakistani initially used Indian currency. They simply stamped the Indian currency with the label \u201cGovernment of Pakistan\u201d for using it exclusively in Pakistan. In 1948, Pakistan started printing its own currency.<\/p>\n

3. The current series of the banknotes which is used in Indian Currency is known as the Mahatma Gandhi series. It was introduced in 1996.<\/p>\n

4. The \u20b9500 note was first introduced in 1987 and \u20b91000 was first introduced in 2000. Both the notes were demonetised on November 8, 2016, after which new notes of \u20b9500 and \u20b92000 rupees were introduced.<\/p>\n

5. The Security Printing and Minting Corporation of India Limited (SPMCIL) is a government-owned corporation which was established in 2006. It is responsible for printing the banknotes of India, postal stamps and other important government documents. Coins are also produced by SPMCIL. There are 4 presses, 4 mints, and 1 paper mill.<\/p>\n

6. Coins of Rs. 75, 100 and 1000 denominations were made first in 2010 for commemorative purposes. The coins were made in order to celebrate the 75 years of the Reserve Bank of India, 100 years of Rabindranath Tagore and 1000 years of Brihadeeswarar Temple.<\/p>\n

7. As per the Coinage Act of 2011, the RBI can issue the coins up to the denomination of \u20b91000.<\/p>\n

8. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), an RBI subsidiary, is also responsible for printing the currency notes. It has 2 presses in Salboni and Mysore respectively.<\/p>\n

9. There are total 17 languages present on the currency notes. Hindi and English are prominently displayed in the centre of the notes. Apart from Hindi and English, fifteen other languages are present at the back of the notes which are \u2013 Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Oriya, Punjabi, Sanskrit, Tamil, Telugu, and Urdu.<\/p>\n

10. The symbol of rupee \u201c\u20b9\u201d was derived from the Devanagari letter “\u0930” (Ra) and the Roman capital letter \u201cR\u201d. The letters are taken to signify the words \u201cRupiah\u201d in Hindi and \u201cRupees\u201d in English. So, the symbol appears meaningful to both Indian and International users. There is a parallel line drawn in the symbol in order to make it look like the tricolour of the flag of India.<\/p>\n

11. The symbol was designed by Udaya Kumar who is an Associate Professor and Head of Department of Design, IIT Guwahati. The design of the rupee symbol was approved by Ambika Soni. Udaya Kumar was awarded \u20b9250,000 for his efforts.<\/p>\n

12. The RBI has the authority to issue notes up to \u20b910,000.<\/p>\n

13. Only \u20b91 notes are printed by the Central Government and are signed by the Finance Secretary. All the other currency notes are printed by the RBI.<\/p>\n

14. There are some images observed on the note. They are –<\/strong><\/p>\n

\u20b95 \u2013 Tractor in a field
\n\u20b910 \u2013 Elephant, Rhinoceros, and Tiger.
\n\u20b910 (new) \u2013 Konark Sun Temple.
\n\u20b920 \u2013 Port Blair lighthouse and Mount Harriet.
\n\u20b950 \u2013 Indian Parliament House.
\n\u20b950 (new) \u2013 Hampi with the chariot.
\n\u20b9100 \u2013 Himalayas
\n\u20b9100 (new) \u2013 Rani Ka Vav (Queen’s Stepwell)
\n\u20b9200 \u2013 Sanchi Stupa
\n\u20b9500 ( new) \u2013 Red Fort
\n\u20b92000 – Mangalyan<\/p>\n

Demonitised notes<\/strong> –<\/p>\n

\u20b9500 \u2013 Dandi March represented by Gyarah Murti statue of Delhi
\n\u20b91000 – Economy of India represented by an oil rig, satellite, computer, harvester, and foundry<\/p>\n

15. There are identification marks on certain notes so that the visually impaired can identify them. They are<\/strong> –<\/p>\n

\u20b920 \u2013 Rectangle.
\n\u20b950 – Square
\n\u20b9100 \u2013 Triangle
\n\u20b9200 \u2013 Letter H<\/p>\n

Demonitised notes<\/strong> –
\n\u20b9500 \u2013 Circle.
\n\u20b91000 \u2013 Diamond.<\/p>\n

Congratulations, you are wiser about the pennies now.<\/p>\n","protected":false},"excerpt":{"rendered":"

We all deal with money on regular basis but do we know much about the currency notes? Are we aware of the symbols on them? You might not know that currency notes are not actually made of paper, but of cotton and cotton rags. Here we tell you about the languages, lines, and structures made […]<\/p>\n","protected":false},"author":1,"featured_media":82451,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11315],"tags":[10675,10671,10677,10673,10674,10672,2381,10676],"class_list":{"0":"post-82450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-india","8":"tag-coins","9":"tag-currency-notes","10":"tag-demonitisation","11":"tag-indian-currency-notes","12":"tag-money","13":"tag-new-currency-notes","14":"tag-rbi","15":"tag-udaya-kumar"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/82450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=82450"}],"version-history":[{"count":3,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/82450\/revisions"}],"predecessor-version":[{"id":82456,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/82450\/revisions\/82456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/82451"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=82450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=82450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=82450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}