RBI to put Re. 1 note into circulation

It will be a legal tender as provided in The Coinage Act 2011

One rupee note on display.
PHOTO: THE HINDU ARCHIVES

One-rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades.

“The Reserve Bank of India will soon put in circulation currency notes in one rupee denomination. The notes will be printed by the Government of India,” Reserve Bank said in a statement on Wednesday.

The RBI said the notes to be issued would be legal tender as provided in The Coinage Act 2011.

“The existing currency notes in this denomination in circulation will also continue to be legal tender,” it added. The RBI said the note will bear Ashoka Pillar symbol in the window without words ‘Satyamev Jayate,’ and carry a hidden numeral in the centre.