Which material is used to make currency in India:
The Indian rupee is the official currency of India. The current circulating bank notes are in dominations of rupees 5 rupees 10 rupees 50 rupees 100 rupees 2000 and rupees 2000. You keep currency notes of most denominations in your wallet and in your pocket. but have you ever wondered what material the notes are made up.
Cotton is used to make currency notes in India And many other inspiring countries in the world because of it is long lasting light Printabable. According to the received Bank of India, notes are printed using 100 percent cotton. cotton bank notes are made using a special formula, which are a mix of 75 % cotton and 25% linen.. During the printing process, the cotton is mixed with a gelatin adhesive solution that makes them last longer.
Comber Noil cotton is used for currency notes in Europe according to Royal Dutch Kusters. It refers to the short and undesired fibers that are rejected are removed during the combing process in spinning. However the ratio of Scotland linen and other materials used in currency notes it's kept secretly Mumbai banks. The Reserve bank India has the sole right to issue bank notes in India.
The Indian currency is called is called the Indian rupee INR ₹1.00 consists of 100 paisa. The symbol of the Indian rupee is "₹". the designed resembles both both the Devanagari ₹(ra) and the Latin capital letter R with a double horizontal line at the top.
What are the various types of bank notes issued from independence of India:
Ashoka Pillar Bank notes:
The first bank note issued by independent India was the ₹1.00 note issued in 1949. OKAY while retaining the same designs the bank notes were issued with the symbol of lion capital of Ashoka Pillar at Sharnath in the Watermark window in place of the portrait of King George.
The name of the issuer the denomination and the guarantee clause were printed in Hindi on the new bank notes from the year 1951. The bank notes in the denomination of ₹1000 ,₹5000, ₹1000 were issued in the year 1954. bank notes in Ashoka Pillar Watermark series in ₹10 denomination were issued between 1967 and 1992, ₹20 denomination in 1972 and 1975, ₹50 in 1975 and 1981, ₹100 between 1967 to 1979. The bank notes Issue during the ABO. contained the symbols representing science and technology, progress, orientation to India art forms. in the year 1970, bank notes with the legend "Satyameva Jayathe" That is truth along shall prevail were introduced for the first time. In October 1987, ₹500 bank node was introduced with the portrait of Mahatma Gandhi and Ashoka Pillar Watermark.
Mahatma Gandhi MG series in 1996:
The details of bank notes issued in MG series under 1996. ₹5 domination in the year of 2001 in November, rupee ₹10 domination in the year in 1996 June, ₹20 domination in the years 2001 in August, ₹50 domination in the year 1997 in March, ₹100 domination in the year 1996 in June, ₹500 domination in the year 1997 in October, ₹1000 domination in the year 2017 November. All the bank notes of the series bears the portrait Mahatma Gandhi on the front side. In place of symbol of Lion capital of Ashoka Pillar which has also been retained and shifted to the left side next to the Watermark window. This means that these banknotes contain Mahatma Gandhi watermark as well as Mahatma Gandhi portrait.
Mahatma Gandhi Series-2005 banknotes :
MG series 2005 bank notes were issued in the denomination of ₹10 in the year of 2006 April, ₹20 denomination were issued in the year of 2006 August, ₹50 and ₹100 denomination were issued in the year of 2005 August, ₹100,000 were issued in the year of 2005 August, ₹500 and 1000 rupees denomination were issued in the year of 2005 October and contain some additional or new security features as compared to the 1996 MG series. The era of introduction of these banknotes is as given. The legal tender of bank notes of rupees ₹500 ₹5000 of this series was subsequently withdrawn W.E.F the midnight of November 8 2005.
Mahatma Gandhi new series MGNS November 2016 :
The Mahatma Gandhi new series, introduced in the year 2016, highlights the cultural heritage and scientific achievements of the country. The first bank note from the new series were introduced on November 8th, 2016 and is a new denomination, ₹2000 with the theme of Mangalyan. Subsequently, bank notes in the series in denomination of ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10 have also been introduced.
How does the received bank distribute currency to the people:
The received bank presently managed the currency operations through its 19 issues officers located and Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chhattisgarh, Chennai, Gawahati, Hyderabad, Jaipur Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Thiruvananthapuram and a accuracy chest at its Kochi office. A wide network of currency chest maintained And managed by scheduled banks are part of currency management architecture.
The Reserve bank is located at Hyderabad, Kolkata, Mumbai and New Delhi receives coins from the Mints. These officers then send the coins to another offices of the Reserve Bank who in turn send the same currency chest and small coins deposits. The bank notes and rupees coins are stocked at the currency chest and small coins at the small coin deposits. The bank branches receive the bank notes and coins from the currency chest and small coin deposits for further distribution among the public .
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