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100-rupee banknote, signed by RBI governor S. Venkitaramanan.. The first 100-rupee note featured the portrait of George VI.After independence in 1947, Reserve Bank of India continued to issue the notes by replacing the portrait of George VI with the Emblem of India, as a part of the Lion Capital Series of banknotes.
While the exchanging of notes was initially allowed only until 9th February, 1946, it was extended multiple times. [2]: 5 By the end of 1947, out of a total of Rs. 143.97 crore of high denomination banknotes, notes of the value of Rs. 134.90 crore were exchanged and notes worth Rs. 9.07 crore went out of circulation or were not exchanged.
Older notes, however, are not readable. Latent image: When held against the light at an angle of 45 degrees, an inscription of the value of the denomination is seen on the right side of Mahatma Gandhi's image. Microlettering: Micro-letters are used to print RBI on ₹10 notes, and the value of the denomination on other notes. Intaglio print:
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
It was divided into 1, 26, 5, 10, 50, 100, 1,000 and 10,000 rupees notes. [6] [7] In January 1936, the Reserve Bank of India first issued five rupee notes containing the portrait of King George VI. Then in 10 February rupee notes, in March 100 rupee notes and in June 1938 1000 and 10000 rupee notes were released.
Section 22 states that only the RBI has the exclusive rights to issue currency notes in India. Section 24 states that the maximum denomination a note can be is ₹ 10,000 (US$120). Section 26 of Act describes the legal tender character of Indian bank notes. Section 28 allows the RBI to form rules regarding the exchange of damaged and imperfect ...
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When the notes are tilted, the colour of the security threads changes from green to blue. Angular lines: A series of lines placed on both the left and right side of the front of the notes, these angular lines are utilized to help those with visual impairments in identifying the notes. Used on the ₹ 100, ₹ 200, ₹ 500 and ₹ 2000 notes.