New Rs.10, Rs.50, Rs.200 notes: All you need to know
The RBI has officially announced new notes of Rs. 10 in the Mahatma Gandhi (New) series. RBI Governor said they will be issued shortly. After the magenta Rs. 2,000, stone grey Rs. 500, bright yellow Rs. 200 and fluorescent blue Rs. 50, the Rs. 10 notes will be chocolate brown. The current notes will continue being legal tender. Here's all about the new currency.
Design of the new Rs. 10 notes
How will the new Rs. 10 notes look?
Like other notes in the series, the new Rs. 10 notes will have a portrait of Mahatma Gandhi and the Ashoka Pillar emblem on the front, with 'RBI', 'INDIA' and '10' printed. The reverse will have a picture of the Konark Sun Temple and the Swachh Bharat logo, along with a language panel and the denomination in Devnagari. It will measure 63mmx123mm in size.
The first new notes post demonetization
The first new notes to be introduced post demonetization were of Rs. 2,000 (a first) and Rs. 500. The magenta Rs. 2,000 notes were themed on Mangalayaan, which is embossed on the reverse. The Rs. 500 note, stone grey in color, carried the picture of the Red Fort. They were visually-impaired friendly and had advanced security features, the government said.
More new notes launched post the high-value denominations
Then came the bright yellow Rs. 200 and fluorescent blue Rs. 50 to provide more lower-denomination notes. While the former depicted MP's Sanchi Stupa, the latter bore an image of Hampi with a chariot. However, the dimensions of the Rs. 200 note (66mmx146mm) meant ATMs across India had to be recalibrated, which has delayed its entry into circulation.
New Rs. 100 notes coming up
Another note in circulation, Rs. 100, is about to undergo redesigning. Printing is expected to start from April, once enough Rs. 200 notes are injected into the system. The new Rs. 100 notes are expected to be the same size as the current ones.
Currency in circulation before and after demonetization
The November'16 demonetization caused a loss of 86% of the Rs. 17.9tn in circulation. From then till December 8, 2017, RBI had printed Rs. 2,000 and 500 notes worth Rs. 15.79tn. As of December 22, 2017, currency in circulation was worth Rs. 16.71tn. Volume of banknotes had also increased by 11.1.%, mainly due to infusion of lower denominations.
