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Thursday, 19 July 2018

Finally, We got first made-in-India note : Used Domestic materials

Finally, We got first made-in-India note 

The Reserve Bank of India has released a new Rs 100 denomination banknote in the Mahatma Gandhi series with a Swachh Bharat logo in lavender colour. This is the first note made of entirely domestic materials.

“This note is designed in India, printed on currency paper made in India. The ink is made in India and even the security features have been made by Indian companies. This is a dream come true,” said Kaza Sudhakar, who recently retired as managing director of Bharatiya Reserve Bank Note Mudran (BRBNM), which prints banknotes.

The new Rs 100 note was designed in the BRBNM Design Studio in Mysore, Sudhakar added.
The new note will have a different dimension from the existing Rs 100 note, which means that it will not be available in ATMs until the machines are recalibrated.

The new banknote, bearing the signature of RBI governor Urjit R Patel, has a motif of Gujarat’s ‘Rani Ki Vav’ on the reverse, depicting the country’s cultural heritage.

The base colour of the note is lavender and it contains other designs and geometric patterns, aligning with the overall colour scheme, both on the obverse and reverse.

According to Sudhakar, this is a routine introduction of a new currency note and the old design notes will be phased out over a period of time.

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