New Rs 10 notes with more security features coming soon
The Reserve Bank (RBI) will soon issue Rs 10 denomination notes with enhanced security features for circulation. The RBI today said the banknotes in the Mahatma Gandhi series-2005 are to carry inset letter 'L' on both number panels, bearing the signature of Governor Urjit Patel.
The year of printing, 2017, will be on the reverse of the note. Among other features, numerals on both the panels will be in ascending size from left to right. The first three alpha-numeric characters (prefix) will remain constant in size.
All the banknotes in the denomination of Rs 10 issued by the Bank in the past will continue to be legal tender, the central bank said in a notification.
Few months back, Shaktikanta Das, Department of Economic Affairs (DEA) Secretary had revealed that,
All denomination of notes (Rs 10, Rs 20, Rs 50) will be reintroduced with new design and new features. From time to time, new series of notes with new features and designs will be infused in the market.
The Indian 10-rupee banknote is a common denomination of the Indian rupee. The 10 rupee note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996, which is presently in circulation. The 10-rupee banknote has been issued and had been in circulation since colonial times, and in continuous production since Reserve Bank of India took over the functions of the controller of currency in India in 1923.
The present 10 rupee note, from the Mahatma Gandhi Series is 137 × 63 mm Orange-violet coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of Reserve Bank of India. It has the Braille feature to assist the visually challenged in identifying the currency. The reverse side features a motif of a Rhinoceros, an elephant and a tiger, all together as Fauna of India.