Coins in India
Coins: The Government of India has the sole right to mint coins. The
designing and minting of coins in various denominations is also the
responsibility of the Government of India. Coins are minted at the four India
Government Mints at
Mumbai, Alipore
(Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP).
Denominations: Coins in India are presently being
issued in denominations of one rupee, two rupees, five rupees and ten rupees.
Note:
Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act,
1906. Currency in India
Currency: Banknotes in India are currently being
issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs500, and Rs1000.
These notes are called banknotes as they are issued by the Reserve Bank of
India (Reserve Bank).
Note: The printing of notes in the denominations of Rs 1, Rs 2 and Rs 5
has been discontinued as these denominations have been coinised.
Bank Notes in India
Contemporary Currency
notes have 15 languages on the panel which appear on the reverse of the note.
- > Soiled Notes: Soiled notes are those
which have become dirty and slightly cut. Notes which have numbers on two ends,
i.e. notes in the denomination of Rs.10 and above which are in two pieces, are
also treated as soiled note. The cut in such notes, should, however, not have
passed through the number panels.
- > Mutilated Notes: Notes which are in
pieces and/or of which the essential portions are missing can also be
exchanged. Essential portions in a currency note are name of issuing authority,
guarantee, promise clause, signature, Ashoka Pillar emblem/portrait of Mahatma
Gandhi, water mark.
- > Imperfect banknotes: Imperfect banknote
means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered
or indecipherable but does not include a mutilated banknote.
Security Features of Indian Banknotes
- > Watermark
-> Security Thread Latent Image
-> Microlettering
-> Intaglio
Identification Mark
-> Fluorescence Optically Variable Ink
- > See through Register Legal
provisions against counterfeiting