After a gap of almost 20 years, one-rupee notes will be put in circulation yet again.
The Reserve Bank of India is set to circulate the notes, which will be in pink green on obverse and reverse in combination with other colours.
As per a PTI report, the Reserve Bank of India stated, “These currency notes are legal tender as provided in the Coinage Act 2011. The existing currency notes in this denomination in circulation will also continue to be a legal tender.”
“The RBI will soon put in circulation currency notes in one rupee denomination. The notes will be printed by the Government of India,” the Reserve Bank said.
Unlike, other currency notes which have signature of RBI Governor, the one rupee note will bear the signature of the Finance Secretary.
With a motive to free capacity to print currency notes of higher denomination, printing of one rupee note was discontinued in November 1994.
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