The “STAR series” of notes used for replacement of defectively printed banknote having a character, a *(star) in the number panel of notes.
Enrich Your Learning:
Which denomination banknotes are currently in circulation?
- Banknotes in India are currently being issued in the denomination of ₹10, ₹20, ₹50, ₹100 ₹200, ₹500, and ₹2000.
- These notes are called banknotes as they are issued by the Reserve Bank of India.
- The printing of notes in the denominations of ₹2 and ₹5 has been discontinued and these denominations have been coinised as the cost of printing and servicing these banknotes was not commensurate with their life.
- However, such banknotes issued earlier can still be found in circulation and these banknotes continue to be legal tender.
- ₹1 notes are issued by the Government of India from time to time and such notes including those issued in the past also continue to be legal tender for transactions.
Can banknotes be issued only in these denominations?
- Not necessarily.
- In terms of Section 24 of the Reserve Bank of India Act, 1934, bank notes shall be of the denominational values of two rupees, five rupees, ten rupees, twenty rupees, fifty rupees, one hundred rupees, five hundred rupees, one thousand rupees, five thousand rupees and ten thousand rupees or of such other denominational values, not exceeding ten thousand rupees, as the Central Government may, on the recommendation of the Central Board, specify in this behalf.
What was the highest denomination note ever printed?
- The highest denomination note ever printed by the Reserve Bank of India was the ₹10000 note in 1938 which was demonetized in January
- The ₹10000 was again introduced in 1954. These notes were demonetized in 1978.
What is a “star series” banknote?
- Fresh banknotes issued by Reserve Bank of India till August 2006 were serially numbered.
- Each of these banknote bears a distinctive serial number along with a prefix consisting of numerals and letter/s.
- The banknotes are issued in packets containing 100 pieces.
- The Bank adopted the “STAR series” numbering system for replacement of defectively printed banknote in a packet of 100 pieces of serially numbered banknotes.
- The Star series banknotes are exactly similar to the other banknotes, but have an additional character viz., a *(star) in the number panel in the space between the prefix.
What are the Security Features of banknotes in circulation?
The security features in MG Series 2005 and MG (New) Series banknotes are as under:
- Security Thread:The silver coloured machine-readable security thread in ₹10, ₹20 and ₹50 denomination banknotes is windowed on front side and fully embedded on reverse side. The thread fluoresces in yellow on both sides under ultraviolet light. The thread appears as a continuous line from behind when held up against light. ₹100 and above denomination banknotes have machine-readable windowed security thread with colour shift from green to blue when viewed from different angles. It fluoresces in yellow on the reverse and the text will fluoresce on the obverse under ultraviolet light.
- Intaglio Printing:The portrait of Mahatma Gandhi, Reserve Bank seal, Guarantee and promise clause, Ashoka Pillar emblem, RBI’s Governor’s signature and the identification mark for the visually impaired persons are printed in intaglio in denominations ₹100 and above.
- See through register:On the left side of the note, a part of the numeral of each denomination is printed on the obverse (front) and the other part on the reverse. The accurate back to back registration makes the numeral appear as one when viewed against light.
- Water Mark and electrotype watermark:The banknotes contain the portrait of Mahatma Gandhi in the watermark window with a light and shade effect and multi-directional lines. An electrotype mark showing the denominational numeral in each denomination banknote also appears in the watermark widow and these can be viewed better when the banknote is held against light.
- Colour Shifting Ink:The numeral 200, 500 & 2000 on the ₹200, ₹500 and ₹2000 banknotes are printed in a colour-shifting ink. The colour of these numerals appears green when the banknotes are held flat but would change to blue when the banknotes are held at an angle.
- Fluorescence:The number panels of the banknotes are printed in fluorescent ink. The banknotes also have dual coloured optical fibres. Both can be seen when the banknotes are exposed to ultra-violet lamp.
- Latent Image:In the banknotes of ₹20 and above in the MG-2005 Series, the vertical band next to the (right side) Mahatma Gandhi’s portrait contains a latent image, showing the denominational value as the case may be. The value can be seen only when the banknote is held horizontally and light allowed to fall on it; otherwise this feature appears only as a vertical band. In the MG (New) Series banknotes, the latent image exists in denominations ₹100 and above.
- Micro letterings:This feature appears at different places on the banknotes and can be seen better under a magnifying glass.
Additional Features introduced since 2015
The numerals in both the number panels of the banknotes are in ascending size from left to right while the first three alpha-numeric characters (prefix) will remain constant in size.
- Angular Bleed Lines and Increase in the size of Identification Marks
Angular Bleed Lines have been introduced in banknotes – 4 lines in 2 blocks in ₹100, 4 angular bleed lines with two circles in between in ₹200, 5 lines in 3 blocks in ₹500, 7 in ₹2000. In addition, the size of the identification marks in denominations ₹100 and above have been increased by 50 percent.
What is Mobile Aided Note Identifier (MANI)?
- Mobile Aided Note Identifier (MANI) is a mobile application launched by the Reserve Bank for aiding visually impaired persons to identify the denomination of Indian Banknotes.
- The free of cost application, once installed, does not require internet and is capable of identifying the denominations of Mahatma Gandhi Series and Mahatma Gandhi (New) series banknote by checking front or reverse side/part of the note including half folded notes at various holding angles and in a broad range of light conditions (normal light/day light/low light etc).