New Rs.50, Rs.100, Rs.1,000 Notes Design
The lower denomination currency notes of Rs 100 and Rs 50 will hang in as a valid currency in the circulating medium. Economic Affairs Secretary Shaktikanta Das stated that edification and improvement in the appearance of currency notes of Rs.1,000, Rs.100, Rs.50 denominations will be executed. The new notes of Rs.2,000 are being issued because of unpredictable inflation rates. Banks and post offices have already started issuing the new series of Rs.500 and Rs.2,000 notes. The Reserve Bank of India will also bring new possible changes in Rs.50, Rs.100, Rs.1,000 Notes.
New Rs.50, Rs.100, Rs.1,000 Notes Release Date
The government on Tuesday had withdrawn the use of old Rs 500 and Rs 1,000 notes to whitewash black money and terror financing. The colour new Rs. 500 note is stone grey and approximately will be in size of 66mm x 150mm. Newly shipped Rs 2,000 notes will be of magenta colour with Mangalayan designated on the reverse side. The new banknotes of Rs 500 and Rs. 2000 are distinctive in the premises of series in colour, size, theme, a ground of security features and design element. The Reserve Bank of India is going to bring forward Rs. 2000 denomination banknotes in relevance to Mahatma Gandhi (New) Series. It will delineate the Image of Red Fort with Indian flag on the reverse side.
New Rs.50, Rs.100, Rs.1,000 Notes Features
New Rs.50, Rs.100, Rs.1,000 Notes with the new specification, Design and Security Features can act as the prime regulator of black money. The signature in all the new notes Rs.50, Rs.100 and Rs.1,000 will be of Dr Urjit R. Patel, Governor of RBI. A semblance of Swachh Bharat Logo with the printing as 2016 will be lithographed on the Banknote. In order to protect a country from the excessive supply of money government of India has come in active mode. Proposal to allow all foreign institutional investors in commodity trading has been left for the official decision. SEBI has been imparted with the duty to look into this proposal to define its scrutiny.