Printing of One Rupee Currency Notes once again.............


The Union Government has notified ‘Printing of One Rupee Currency Notes Rules, 2015’, which will come into effect from 1 January 2015. This means that the 1 rupee paper note, which was discontinued due to high cost, would make its comeback. Due to higher cost and for freeing capacity to print higher denomination notes, printing Re. 1 note was discontinued in November 1994, followed by Rs. 2 in February 1995, and Rs. 5 in November 1995. Since then, only coins have been issued for these denominations. However, old notes are still in circulation and remain legal tender. The new Re. 1 note will be different in terms of colour, too. It will be predominantly pink and green. Earlier, the Re. 1 currency note had a predominantly indigo colour. Also, the new note will have ‘Bharat Sarkar’ on its masthead, with ‘Government of India’ printed below that. As before, the new one rupee note will have the signature of the Finance Secretary. Apart from the one rupee note, all other paper currency (Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs.100, Rs. 500 and Rs. 1,000) will have the signature of the RBI Governor, as these are issued by the Reserve Bank of India, whereasRe. 1 is issued by the Government of India.

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