News India RBI to launch new Rs 10 note, old currency of same denomination to continue

RBI to launch new Rs 10 note, old currency of same denomination to continue

Months after the Reserve Bank of India embarked on a massive exercise that saw an end to the old Rs 500 and Rs 1000 notes, the central bank is now all set to unveil fresh currency in Rs 10 denomination with enhanced security feature for circulation.

RBI Image Source : PTIRBI to launch new Rs 10 note, old currency of same denomination to continue

Months after the Reserve Bank of India embarked on a massive exercise that saw an end to the old Rs 500 and Rs 1000 notes, the central bank is now all set to unveil fresh currency in Rs 10 denomination with enhanced security feature for circulation.

According to a notification issued by the RBI dated March 9, 2017, 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 Rs10 issued by the Bank in the past will continue to be legal tender," the central further clarified.

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