Do you remember, when you have last seen a One Rupee Note.
But now you will be able to see it more often since it is again getting released and put into circulation. As per RBI, Re 1 currency note will be put into circulation and would be a legal tender as per provisions of The Coinage Act 2011. This time the One Rupee note will bear a signature of Finance Secretary Rajiv Mehrishi unlike other notes that bears the signature of RBI Governor. The new One Rupee note was released on March 06, 2015 at Shrinath ji Temple in Nathdwara, Rajasthan
Features of New One Rupee Note
- It will be made up of 100% cotton rag content predominantly in pink green colour
- It will have a thickness of 100 Microns and will bear a weight of 90 grams per sq. meter.
- As watermark, it will have a Ashoka Pillar Symbol
- It will have a hidden numeral in the centre
- It will have a hidden “Bharat” written in Hindi on the right hand side of note
- The signatures of Mehrishi will be printed in bilingual
Why it is Important
It gives us all to showcase the basic unit of our currency to our children apart from keeping it with us.
About 20 years back, the printing of Re 1 note was stopped mainly due to higher costs. Another reason was to free up the capacity for printing currency notes of higher denomination. Even printing of Rs. 2 and Rs.5 currency notes was discontinued in subsequent year. And what we have now, an age of coins with denomination of Re.1, Rs.2, Rs.5 and Rs.10 frequently used. After all, we all keep looking for “Value for Money” however what we may realize with this is “Value of Money”.