The Demonetization Saga In India - Issue 2000 Banknotes By RBI on 8 November

By now all of us must have visited your nearby ATM and gotten your own money. Thanks, to an unprecedented move by the GOI in the month of November, Rs.500 and Rs.1000 Rupee notes are no longer valid and not to be legal tender anymore, after the midnight of November 9th.  In a Press Release  issued by the RBI- Reserve Bank Of India, combined by a nationwide address by Indian Prime Minister Mr. Narendra Modi, the Issuance of ₹ 2000 Banknotes and scrapping of the old notes came as a surprise, shock and people were clueless what they need to do next. 

The Reserve Bank of India has issued new ₹2000, ₹500, ₹1000  denomination banknotes in the Mahatma Gandhi (New) Series, without the inset letter, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. The notes also have "Swachh Bharat Campaign logo.The new denomination has Motif of Mangalyaan on the reverse, depicting the country’s first venture into the interplanetary space. The base colour of the note is magenta. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

The salient features of the banknotes will be as under:

Obverse (Front)	Obverse (Front)	Reverse (Back)
1. See through register with denominational numeral 2000 2. Latent image with denominational numeral 2000 3. Denominational numeral २००० in Devnagari 4. Portrait of Mahatma Gandhi at the centre 5. Micro letters ‘RBI’ and ‘2000’ on the left side of the banknote 6. Windowed security thread with inscriptions ‘भारत’, RBI and 2000 on banknotes with colour shift. Colour of the thread changes from green to blue when the note is tilted 7. Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right 8. Denominational numeral with Rupee Symbol, ₹2000 in colour changing ink (green to blue) on bottom right	9. Ashoka Pillar emblem on the right Mahatma Gandhi portrait and electrotype (2000) watermarks 10. Number panel with numerals growing from small to big on the top left side and bottom right side For visually impaired Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines and identity mark 11. Horizontal rectangle with ₹2000 in raised print on the right 12. Seven angular bleed lines on left and right side in raised print	13. Year of printing of the note on the left 14. Swachh Bharat logo with slogan 15. Language panel towards the centre 16. Motif of Mangalayan 17. Denominational numeral २००० in Devnagari Dimension of the banknote will be 66 mm × 166 mm

Alpana Killawala

Principal Adviser

Press Release : 2016-2017/1144

Source- https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38522