The Reserve Bank of India (RBI) has released the images of new Rs.10 notes in its website. The press release posted in the RBI website revealed these images and stated that these notes in the Mahatma Gandhi (New) series will be issued in circulation shortly. The image containing the obverse and the reverse view of the note gave a detailed glimpse of how the new notes will look like.
All these new notes will bear the signature of RBI governor Dr. Urjit R. Patel. The obverse view of the note has the image of Mahatma Gandhi along with the denominational numeral 10 in devanagari. It also features the promise clause from the governor and RBI emblem. The reverse view of the note prominently features the motif of Konark’s Sun Temple along with the Swachh Bharat logo and slogan.
Introduction of this new Rs.10 notes has been in plan for a long time now. The original announcement regarding the introduction of these notes was released last year March. It was revealed that the new series notes will be released with the inset letter ‘L’ in both number panels.
New notes have already been released in denominations of Rs.50 and Rs.200 a few months ago. It is expected that RBI will also release new Rs.100 notes in the near future. RBI is currently focusing on the release of lower denomination notes mainly to achieve the full benefits of demonetisation. The rapid circulation of lower denomination notes all over the country will ease monetary transactions at the lower level.
A couple of days ago, RBI instructed banks to re-calibrate their ATMs to dispense Rs.200 notes. Since the 200 rupee notes are slightly smaller than the 500 rupee notes, re-calibration is required at all existing ATMs in the country. Rs.200 notes are already in circulation all over the country. However, they are not widely dispersed through ATMs in the country.