RBI to issue Rs 1000 banknotes with inset letter R
The Reserve Bank of India (RBI) will shortly issue banknotes of 1000 rupees denominations with inset letter ‘R’ in both the number panels.
These new banknotes will be issued in the Mahatma Gandhi Series – 2005. Besides, all the banknotes in the denomination of 1000 rupees issued by RBI in the past would continue to be legal tender.
New features
- The design of these new 1000 rupees banknotes is similar in all respects to the earlier issued banknotes of same denominations in Mahatma Gandhi Series – 2005.
- On the obverse side: These banknotes will have all the other security features, including ascending size of numerals, bleed lines and enlarged identification mark.
- On the reverse side: These banknotes will bear signature of RBI Governor Raghuram G Rajan. It will also have the year of printing ‘2016’ printed.
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Month: Current Affairs - May, 2016