After launching a series of colourful high denomination notes, the Reserve Bank of India (RBI) is now all set to issue new Rs 10 notes denomination under the Mahatma Gandhi series. The new note will feature an image of the Konark Sun Temple with chocolate brown colour as the base.
TO PREVENT COUNTERFEITING
According to the sources, the central bank has already printed around 1 billion units of the new Rs 10 note. Moreover, the government approved the design last week. In fact, the old Rs 10 note was last redesigned in 2005.
The government has taken this move in an aim to combat counterfeiting and promote a less-cash economy.
RS 10 NOTES – OLDEST AND COMMON NOTES
The notes of Rs 10 denomination is one of the oldest introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996. The denomination was in circulation since colonial times.