New Rs 1,000 notes with more security features on anvil

Zee Media Bureau

New Delhi: The Reserve Bank of India (RBI) will soon start issuing Rs 1,000 notes with enhanced security features.

The notes would come with the rupee symbol and inset letter 'L' with numerals in ascending size in number panels. RBI officials have said that the objective is to increase security features for such legal tender.

As per the RBI annual report for 2014-15, notes of denominations of Rs 500 and Rs 1,000 together accounted for approximately 85 percent of the total value of banknotes in circulation at the end of March 2015.

In volume terms, notes of Rs 10 and Rs 100 together accounted for 54 percent during the period ending March 2015.

The new Rs 1,000 notes that will be issued are in the Mahatma Gandhi Series- 2005. Such currency with numerals in ascending size in numbering panels have already been put in circulation for 100 notes earlier.