Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

RBI to issue ₹ 500 and ₹ 1000 Banknotes with Three Additional Features

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... RBI to issue ₹ 500 and ₹ 1000 Banknotes with Three Additional Features - News and Press Release Dated:- 23-9-2015 - News - The Reserve Bank of India will shortly put into circulation banknotes in the denominations of ₹ 500 and ₹ 1000 incorporating three new/revised features - (i) ascending size of numerals in the number panels, (ii) bleed lines, and (iii) enlarged identif .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ication mark. It may be recalled that the Reserve Bank recently put into circulation ₹ 500 banknotes with numerals in ascending size in number panels but without bleed lines and enlarged identification mark. It has now added two more features to aid visually impaired in easy identification of banknotes part from securing them against counterfeiting. The current banknotes will be withou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t inset letter in the number panels. The notes will bear signature of Dr. Raghuram G. Rajan, Governor. The year of printing (2015) appears on the reverse. Except for these features, the overall design of ₹ 500 and ₹ 1000 banknotes have been retained. All banknotes in these denominations issued hitherto by the Reserve Bank will continue to be legal tender. Details of New Fea .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tures: (i) Ascending size of numerals in numbering panels: Numerals in both the numbering panels of banknotes will be in ascending size from left to right, while the first three alpha-numeric characters will remain constant in size. (ii) Bleed lines: The banknotes of ₹ 500 denomination will have five angular bleed lines in three sets of 2-1-2 lines on the obverse in both, the up .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... per left and the right hand edge of the banknote. Similarly, ₹ 1000 banknotes will have six angular bleed lines in four sets of 1-2-2-1 lines on the obverse in both, the upper left and right hand edge of the banknotes. These will facilitate identification of these notes by visually impaired persons. (iii) Enlarged Identification Mark: The existing identification mark (circular-shape in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ₹ 500 and diamond in ₹ 1000) near the left edge of the banknote has been enlarged. The Reserve Bank of India is committed to continually bring about modifications in the design of banknotes with changing times. Alpana Killawala Principal Chief General Manager - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates