One Rupee currency notes are legal tender as provided in The Coinage Act 2011. Even though, printing of existing currency notes of one Rupee denomination is discontinued by the government 20 years back, the old notes are still under circulation as they remain as legal tender.
RBI in its press release dated 13.02.2015 said that the newly designed one Rupee note printed by Government of India will be circulated to public use soon. RBI further said that the size of new One Rupee Currency Note will be in rectangular shape of 9.7×6.3 cm made up of 100% (cotton) rag contents.
The new note will have the composition of following multi-tonal watermarks
(i) Ashoka Pillar in the window without words ‘सत्यमेव जयते’, (ii) Hidden Numeral ‘1’ in the centre,(iii) Hidden Word ‘भारत’ vertically arranged on right hand side. The colour of one Rupee Currency Note will be predominantly pink green on obverse and reverse in combination with others.
The design of the One Rupee Currency Notes will be as under:
Obverse: will contain the words “भारत सरकार” above the words “Government of India” with the bilingual signature of Shri Rajiv Mehrishi, Finance Secretary and with the replica of New Rupee One coin with ` symbol of 2015 issued with ‘सत्यमेव जयते’ and capital insert letter ‘L’ in numbering panel. The numbering will be in black at right hand bottom portion of the note.
Reverse: will contain the words ‘भारत सरकार’ above the words “Government of India” with the year 2015 on the representation of One Rupee coin with ` symbol having floral design and the surrounding design will consist of the picture of ‘Sagar Samrat’ – the oil exploration platform and with the authentic rendering of value in fifteen Indian language in language panel and the year figure shown in the centre bottom in international number.