September 8th, 2011 by admin

150 Rupees Coin for Income Tax department’s 150th year

Indian  government has issued coins of Rs 150 denomination for the first time in the country to mark the end of the income tax department’s 150th year.

“Two hundred coins will be minted in Rs 150 denomination,” said an official.

The Rs 150 coin has an international design with Satyameva jayate and ‘India’ inscribed on the front with a portrait of Chanakya with lotus and honeybee on the reverse.

The etching represents the Mauryan statesman’s famous quote:

“Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flower so that both can survive.”

Finance minister Pranab Mukherjee on Saturday inaugurated the 44-millimetre coin of an alloy of silver, copper, nickel and zinc.


March 6th, 2011 by admin

RBI Platinum Jubilee Commemorative coinset

Shri. Manmohan Singh, the Prime Minister of India, released a commemorative coin set to mark the occasion of Platinum Jubilee of Reserve Bank of India.

The set consists of five denominations – Re 1, Rs 2, Rs 5, Rs 10 and Rs 75. The first four denominations will also be issued as circulation coins.

However, the first details made available by RBI are as follows:

Obverse: All coins will bear the Lion Capitol of Ashoka Pillar in the center with the legend “Satyameva Jayate” (सत्यमेव जयते) in Hindi inscribed below. The upper peripheries will have the words “Bharat” (भारत) in Hindi and “INDIA” in English. The denomination value will appear below the Lion Capitol, flanked by “Rupiye” in Hindi and “RUPEES” in English.

Reverse: Reverse of the coins will bear the RBI emblem with inscriptions “RESERVE BANK OF INDIA” in Hindi and in English. “PLATINUM JUBILEE” in Hindi and in English along with year “1935-2010″ shall also be inscribed below the emblem.

Sizes and other details are as below:

Press release of Reserve Bank of India on 1 Apr 2010.

February 28th, 2011 by admin

Issue of new Coins of ` 5 with the theme “C. SUBRAMANIAM BIRTH CENTENARY”


The Reserve Bank of India will shortly put into circulation coins of ` 5 with the theme “C. SUBRAMANIAM BIRTH CENTENARY”.

The coin of above denomination shall conform to the following dimension, design and composition, namely :

Denomination of the coin Shape and outside diameter Number of

Serrations

Metal composition
Five Rupees Circular

23 millimeters

100 Nickel Brass

Copper – 75%

Zinc – 20%

Nickel – 5%

DESIGN

OBVERSE : The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “mel³ecesJe pe³eles“ inscribed below, flanked on the left upper periphery with the word “Yeejle“ in Hindi and on the right upper periphery flanked with the word” INDIA” in English. It shall also bear the denominational value “5″ in International Numerals below the lion capitol flanked on the left lower periphery with the word “©he³es“ in Hindi and right lower periphery with the word “RUPEES” in English.

REVERSE :

The reverse of the coin shall bear the portrait of “C. Subramaniam” in the centre, flanked on the left upper periphery with the words  “mer. megye´cefCe³ece peôce Meleeyor“ in Hindi. On the right periphery with the words “C. SUBRAMANIAM BIRTH CENTENARY” in English. The figure “1910-2010″ shall be shown below the portrait in international numeral.

source :  rbi release see more

October 2nd, 2010 by admin

Some Old System Conversions based on British India Coinage

* 3 Pies            = 1 Pice (Paisa)
* 4 Pice           = 1 Anna
* 4 Annas       = 1/4 th Rupee
* 8 Anna         = 1/2 Rupee
* 16 Anna      = 1 Rupee
* 15 Rupees   = 1 Mohur

Following are its denominations

FIVE RUPEES 1870



TEN RUPEES 1870



FIFTEEN RUPEES 1918


ONE MOHUR 1862

September 23rd, 2010 by admin

Star Series on Indian Currency Notes

From the year 2006, the Reserve Bank of India issued notes with a * (Star) after the first 3 characters or prefix followed by the six digit serial number. These were used as replacement notes for errors in printing.These were issued initially in denominations of 10, 20, 50. From 2009 star or replacement notes were issued for Rs.100 also.

Rs.10   with  Inset ‘L’ – Star Series

Reverse – ‘2009′ printed on reverse

The star series notes are identical to the existing banknotes in every respect except in the serial number where a * (star) is added in between the prefix and the serial number. Earlier to this, no replacement notes existed.For example 65B*441993 or 9AK*019993.

Some Specimen

Ten Rupees


Twenty Rupees


Fifty Rupees

Following are the list  of Rs 10/- STAR Notes DIFFERENT ISSUES

From 2006 – 2010

Rs 10/- Plain Inset 2006 By Y.V Reddy *Series 99A

Rs 10/- “L” Inset 2006 By Y.V Reddy *Series 00F

Rs 10/- “L” Inset 2007 By Y.V Reddy *Series 00F

Rs 10/- “M” Inset 2007 By Y.V Reddy *Series 00F

Rs 10/- “M” Inset 2007 By Y.V Reddy *Series 00F

Rs 10/- “N” Inset 2007 By Y.V Reddy *Series 00F

Rs 10/- Plain Inset 2008 By Subha Rao *Series 09A

Rs 10/- Plain Inset 2009 By Subha Rao *Series 99F

Rs 10/- “L” Inset 2009 By Subha Rao *Seires 00F

Rs 10/- “M” Inset 2010 By Subha Rao *Series 00F

August 10th, 2010 by admin

New ten Rupees coin with New Symbol in India


The Indian Government approved new symbol for India’s Rupee(  ) instead of Rs. New Indian rupee – New Indian Coin: Take a look at the New Indian Coin. This new Indian coin has been approved by the Indian government as a new symbol for Indian Rupee and this is the newest look of Rs. 10 coin

The new Indian Rupee will now join the elite club of US dollar, British pound-sterling, Euro and Japanese Yen to have its own symbol.

July 29th, 2010 by admin

Syntax of Serial Number, Prefix, Inset of  Banknotes of India

The denominations of Rs.1000, Rs.5000 and Rs.10000 were demonetised by the Indian Government on 16th January 1978. The highest denomination of legal tender was the Rs.100 banknote for nearly ten years. There was a need for a higher denomination banknote.

On 2nd October 1987, the first Mahatma Gandhi note of Rs.500 was released . However, the design of Rs.500 in the Mahatma Gandhi new series was released in October 1997.

The new series of Mahatma Gandhi Banknotes of denominations Rs.10 and Rs.100 were released in 1996 and Rs.50 denomination notes were released in 1997. The Rs.1000 was released in the year 2000 and Rs.5 & Rs.20 in 2001. All these had additional security features, with a new identification feature to assist visually impaired persons in identifying the denominations.


Rs.5 – Mahatma Gandhi Series :

The denomination of Rs.5, the printing of which was suspended, was re-introduced in the Ashoka Pillar design and the Mahatma Gandhi new series was released on 25th May 2001 having the portrait of Mahatma Gandhi in the watermark.

Rs.5/- released during 2001

Obverse

Reverse


Rs.10
- Mahatma Gandhi Series :

A new series of Rs.10 banknotes of Mahatma Gandhi Series was issued on 1st June 1996 having additional security features. The watermark having the Portrait of Mahatma Gandhi.

Rs.10/- released during 1996

Obverse

Reverse


Rs.20 – Mahatma Gandhi Series :

The denomination of Rs.20 was introduced in the Mahatma Gandhi series during 2001. The watermark was having the Portrait of Mahatma Gandhi.

Rs.20/- released during 2001

Obverse

Reverse

Rs.50 - Mahatma Gandhi Series :
A new series of Rs.50 banknotes of Mahatma Gandhi Series was issued on 14th March 1997 having additional security features. The watermark having the Portrait of Mahatma Gandhi.

Rs.50/- released during 1997

Obverse

Reverse

Rs.100 - Mahatma Gandhi Series :
A new series of Rs.100 banknotes of Mahatma Gandhi Series was issued on 1st June 1996 having additional security features. The watermark having the Portrait of Mahatma Gandhi.

Rs.100/- released during 1996

Obverse

Reverse

Rs.500 - Mahatma Gandhi Series :
The first Mahatma Gandhi note of Rs.500 was released on 2nd October 1987. The purpose was to contain the volume of Rs.100 notes in circulation, while the banknote had the Portrait of Mahatma Gandhi, it was issued with the watermark of Ashoka Pillar. Other than this release, the Rs.500 was issued only in the Uniface series which was demonetised in 1946.

Rs.500/- released on 02-10-1987

Obverse

Reverse


Subsequently in 1997, the new design of Rs.500 notes in the Mahatma Gandhi series was introduced during October 1997, in which the Ashoka Pillar watermark was replaced with the Portrait of Mahatma Gandhi.

Rs.500/- released during 1997

Obverse

Reverse

Rs.1000 - Mahatma Gandhi Series :
The Rs.1000 was released for the first time in the year 2000 having the Portrait of Mahatma Gandhi as the watermark.

Rs.1000/- released during 2000
Obverse

Reverse

The following are the main highlights of the prefix and serial number syntax of the current Mahatma Gandhi notes:


For notes of 5, 10 & 20, the first 3 characters are the prefix and the next 6 are the serial numbers. The first 2 characters of the prefix are a numeral and the 3rd is the alphabet. The next six characters are the serial numbers which begin from ‘000001′ to ‘1 million’. For example: 00A 000001 – 00A 100000. The next series would be 01A 000001 – 01A 100000, and so on..

For denominations of 50, 100, 500 & 1000, the first 3 characters are the prefix and the next 6 are the serial numbers. The first character is a numeral and the next 2 characters are alphabets followed by the 6 digit serial number which begins from 000001 – 100000.
For Ex.: 0(Zero)AA 000001 – 0AA 100000; the next series 1AA 000001 – 1AA 100000 and so on..

There have also been issues having inset A, B, C, E, F, G, L, M, N, P, Q, R, S, T. Not all denominations have all the insets. From 2005 onwards, the year of issue is also printed in the bottom centre on the reverse of the note. In the prefix, only twenty alphabets are used. No prefix with alphabet ‘O’, ‘I’ & ‘J’ are used as these are confused for numerals. Also alphabets X, Y & Z are not used to round the number of prefixes to twenty or multiple of ten for accounting purposes. The practice of year of printing of the year of issue on the reverse of the note began in 2005. The year of issue was necessitated since the volume of notes that were printed would one day exhaust the first 3 characters of the prefix. Therefore, from year 2006, the series commenced with 00A or 01A all over again.


Inset:

The volume of banknotes printed in India are huge which necessitated the use of inset which in the case of Indian Banknotes are Alphabets. This inset is a capital letter and appears on the number panel. There are four different currency press that print notes for the Reserve Bank of India . Each of the four currency printers are allotted a separate set of inset letters for their internal identification purposes. For security reasons, the Reserve Bank of India does not reveal which inset letters are assigned for which printing press from where it originates. As in the case of the prefix, only twenty alphabets are used as insets. The alphabets that are excluded are I, J, O, X, Y, Z. Insets used by different printing press for ROI notes:


The following insets have been assumed to be allotted to the four Printing press that print notes for the RBI. There is no official notification from RBI for security reasons, the inset allocation has been ascertained by the printer’s name on the reams from the issued notes. It needs to be mentioned that all insets are so far not been used in one or all denominations of notes printed so far.


1. MYSORE : Plain & Inset A, B, C, D.

2. DEWAS : Inset E, F, G, H, K.

3. SALBONI : Inset L, M, N, P, Q.

4. NASIK : Inset R, S, T, U, V.

Rs.500/- – Inset ‘E’

Obverse

Reverse – ‘2007′ printed on reverse

Posted in Notes | 1 Comment »
July 18th, 2010 by admin

Q:When did the Indian rupee originate?

Historians say that the first ‘rupee’ was issued by Emperor Sher Shah Suri in the 15th century. One rupee was equivalent to 40 copper paisas then.

read more

Q:What is the meaning of the word rupee?

The rupee is believed to be derived from the Sanskrit word raupya, which means silver.

Q:Where is the Indian rupee printed?

The Indian rupee is printed at the Currency Note Press, Nashik, Bank Note Press, Dewas, Bharatiya Note Mudra Nigam (P) Limited presses at Salboni and Mysore and at the Watermark Paper Manufacturing Mill in Hoshangabad.

Q:Who designed the new rupee symbol?

The new symbol of the Indian rupee, a mix of the Devanagri ‘Ra’ and Roman ‘R’, was designed by IIT post-graduate D.Uday Kumar. It was approved by the Union Cabinet on July 15, 2010.

Q. Whats other Currencies Symbol used ?

A.

July 11th, 2010 by admin

Mint Marks on Indian Coins

Following are the Mint Mark on the coins where the Coins are manufactured, this mark are have different means, some of the known marks are listed below

A. Mumbai Mint Mark

The Bombay Mint has a small  diamond mint mark under Date of the Coin.

  • small diamond below date

B. Kolkata (Calcutta) Mint Mark

The Calcutta Mint has No Mint Mark beneath the date of coin.

  1. No mint mark

C. Hyderabad Mint Mark

The Hyderabad Mint has five pointed STAR Under the date of coin.

    Also found as :

  1. Split diamond below date
  2. Dot in diamond
  3. Star below date

D. Noida Mint Mark

The Noida Mint has a small or thick dot under the date of the Coin. Production Started in 1988.

  1. Round dot below date

E. Foreign Mint Mark

(a – 1 ) SEOUL MINT(SOUTH KOREA)-The Seoul mint has a “Five Pointed Star“under the date of the coin but  exactly below the Last Digits of dates 199 7.

(a -2 ) TAEGU MINT(KOREA)-  The Taegu mint has a “Five Pointed Star“under the date of the coin but  exactly below the first Digits of dates 1985 .

(b) ROYAL MINT LONDON(UK) -The  Mint has a small dot(Diamond) under the date of the coin but exactly below the First Digit of Date 1985.

(c) HEATON PRESS MINT(Birmingham,U.K)-This Mint has Ornamental/ Decorated Letter “H” exactly below the last Digit of the date 1985.

(d) ROYAL CANADIAN MINT, OTTAWA(CANADA)-This Ottawa Mint has a “C” mint mark below the date of the coin.

(e) MEXICO CITY MINT(OESCHGER MASDACH & Co.)-The Mexico City Mint has an mint mark of “M” beneath “O” under the date of the coin.

(f) MOSCOW MINT,Russia – This mint has a mint mark of “MMD” in oval below the date of the coin.eg 2 rupee & 5 rupee(2000 A.D)

(g) SLOVAKIA KREMNCA MINT (SLOVAKIA REPUBLIC): Has mint mark of “MK in circle” below the date of the coin on rupee 1998-2000.

(h) PRETORIA MINT(SOUTH AFRICA MINT Co. pvt ltd) : has  “M” under date in 1998 two rupee coin.

(i) TOWER MINT, UK (DOMINICAN REPUBLIC)

“U” Shape sign below date

Soon we’ll update this with more sample images along with its mint, if reader wants to share more info please place an comment so we can contact you.

Thanks

July 8th, 2010 by admin

Gurudev Rabindranath Tagore

INDIA’S HIGHEST DENOMINATION COMMEMORATIVE COIN RELEASED ON 9TH MAY 2010 AT NEW DELHI BY FINANCE MINISTER PRANAB MUKHERJEE TO MARK 150TH BIRTH CENTENARY OF NOBEL PRIZE WINNER GURUDEV RABINDRA NATH TAGORE. THERE WERE TWO COINS WITH DENOMINATIONS OF RUPEES 5 AND RUPEES 150 IN A BEAUTIFUL PRESENTATION SET.