When November 8th, just another day was ending and changing to night, no one would have wondered that which would have culminated that night. When Prime Minister Modi announced the decision to ban old Rs 500 and Rs 1000 notes from the system as a way to curb black money and fake currency from the system only allowing its use in petrol pumps and government stores, no one would have wondered what was in store for them.
With the entry of the new crisp purple clad Rs 2,000 notes to help stabilize the economy and stop it going into depression, which would come into circulation from 10th of November. This series of notes will be introduced with a completely new design and is the highest denomination of currency notes released by the RBI since January 1978, when Rs 5,000 and Rs 10,000 notes were published.
Here are the 10 things you need to know about the new 2,000-rupee notes,
- The new notes will be of the size 66mm X 166mm, smaller than the old notes, and will be available in a magenta base colour.
- The denominational numeral 2,000 will be written in the Devnagari script and, in micro letters, RBI and 2,000 on the left side of the banknote.
- The new note will feature a see-through register with denominational numeral 2,000, which will be visible when the currency s held against light.
- The new note will see the portrait of Mahatma Gandhi at the centre.
- To celebrate India’s Mars mission, the notes will carry an image of the Mangalyaan, depicting the country’s first venture into interplanetary space, and the logo and tagline of the Swachh Bharat Abhiyan. The reverse side features a motif of the Mars Orbiter Mission (MOM).
- There will be a windowed security thread on the note, with Bharat, RBI and 2,000 on banknotes with color shift. The color of the thread changes from green to blue when the note is tilted.
- The guarantee clause, the promise clause and the RBI emblem along with the governor’s signature have been shifted to the right in the new notes, with the portrait and electrotype watermarks appearing right next to them.
- There will be an Ashoka pillar emblem to the right of the Mahatma Gandhi portrait and electrotype watermarks. It will also have seven bleed lines and a rectangle as an identifying shape; as per the RBI guidelines, these are the identification and salient features for the visually impaired.
- According to sources, the security features of the Rs 2,000 notes include latent images, colored strip security threads and watermarks. The RBI denied the rumors of the notes being embedded with a nano GPS chip, which would have helped locate the position of the currency.
- There will also be a latent image with the denomination numeral that would be visible when the note is held at a 45-degree angle at eye level.
These features will make the note un-copy able and hence will lead to better security of the currency. Only time will tell us if the notes will be accepted by the nation or not.