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IMPORTANT INFORMATION ON COIN AND CURRENCY
NOTES IN INDIA
Coins
The Government of India has the sole right to mint coins in
terms of the Coinage Act, 1906
The coins are issued for circulation only through the Reserve
Bank in terms of the RBI Act.
Coins can be issued up to the denomination of Rs.1000 as per
the Coinage Act, 1906.
India adopted the decimal system of coinage wef 01 April
1957
As per Coinage Act 1 Re coins can be used to pay/settle Any
amount
As per Coinage Act 0.50 ps coins can be used to
pay/settle Amount not exceeding Rs. 10
The one rupee note is issued by the Ministry of Finance and
signed by the Finance Secretary
One rupee note is considered a coin as per the Indian Coinage
Act, 2011
Rs. 10 bimetallic coins are made of aluminium-bronze (outer
ring) and copper-nickel (inner part)
Currency Notes
The number of languages on the language panel of a currency
note is Fifteen
The total number of languages on a currency note (including
Hindi and English) is Seventeen
The Indian rupee symbol was created by D. Uday Kumar
RBI can issue notes upto the value of Rs. 10,000/-
