10 things you should know about the new 2,000-rupee noteShruthi Mohan
Two days ago, on what seemed to be an ordinary day, when citizens were wrapping up their work and heading home, Prime Minister Narendra Modi had news for the country. In his 40-minute address, the Prime Minister took a firm stand on ending corruption, black money and unauthorised cash flow by banning the 500 and 1,000-rupee denominations. This news made waves throughout India, especially considering the lack of a buffer between the announcement and the implementation. Amidst all this chaos, the nation witnessed the entry of crisp purple-clad 2,000-rupee notes.
These notes will enter circulation from the 10th of November. The Reserve Bank of India revealed the new denomination on the 8th of November, and this series of notes will be introduced with a completely new design. This new entry is the highest denomination of currency notes released by the RBI since January 1978, when 5,000 and 10,000-rupee notes were published. The notes are being published at Mysuru, Karnataka.
Here are the 10 things you need to know about the new 2,000-rupee notes,
- The new notes will be of the size 66mm X 166mm, smaller than the old notes, and will be available in a magenta base colour.
- The denominational numeral 2,000 will be written in the Devnagari script and, in micro letters, RBI and 2,000 on the left side of the banknote.
- The new note will feature a see-through register with denominational numeral 2,000, which will be visible when the currency is held against light.
- The new denomination will see the portrait of Mahatma Gandhi at the centre.
- To celebrate India's Mars mission, the notes will carry an image of the Mangalyaan, depicting the country's first venture into interplanetary space, and the logo and tagline of the Swachh Bharat Abhiyan. The reverse side features a motif of the Mars Orbiter Mission (MOM).
- There will be a windowed security thread with the inscriptions ‘Bharat’ (in Devnagari), RBI and 2,000 on banknotes with colour shift. The colour of the thread changes from green to blue when the note is tilted.
- The guarantee clause, governor's signature with promise clause and RBI emblem have been shifted to the right in the new notes, with the portrait and electrotype watermarks appearing right next to them.
- There will be a ashoka pillar emblem to the right of the Mahatma Gandhi portrait and electrotype (2000) watermarks. It will also have seven bleed lines and a rectangle as an identifying shape; as per the RBI guidelines, these are the identification and salient features for the visually impaired.
- According to sources, the security features of the Rs 2,000 note include latent images, coloured strip security threads and watermarks. The RBI denied the rumours of the notes being embedded with a nano GPS chip, which would have helped locate the position of the currency via a satellite.
- There will also be a latent image with the denomination numeral that would be visible when the note is held at a 45-degree angle at eye level.
Starting from 8th November, when the announcement of the demonitisation of Rs 500 and Rs 1,000 was made, the country saw a huge demand for lower denominations. Now, with the new purple coloured notes in the market, only time will tell how the country will adapt to this change.