New Re 1 note to be out soon

The Reserve Bank of India (RBI) is going to introduce new Re 1 note which will have pink-green colour on obverse and reverse in combination.

The notes have been printed and will be circulated soon. At present, one rupee coins are minted. Printing of one rupee notes was discontinued in 1994 but was relaunched in 2015.

"The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination," the central bank said in a statement.

The note will bear signature of Shaktikanta Das, Secretary in the Ministry of Finance. Rest other currency notes bear the signature of the RBI Governor.

The numbering will be in black at right hand bottom portion of the note.

On the reverse side, the year '2017' is mentioned. There is also representation of One Rupee coin with rupee symbol having floral design and the surrounding design consists of the picture of 'Sagar Samrat' the oil exploration platform.

"The colour of One Rupee Currency Note shall be predominantly pink green on obverse and reverse in combination with others," the RBI said.