INDIA: RBI to Launch Rs 1,000 Note with Rupee Symbol, More Security

NEW DELHI (NNN-UNI) -- Reserve Bank of India today said it will soon launch Rs 1,000 denomination banknotes with the rupee symbol, and improved security features.

"The Reserve Bank of India will shortly issue Rs 1,000 denomination banknotes incorporating rupee symbol, with inset letter 'L', in both the numbering panels, in the Mahatma Gandhi Series-2005 with improved security features," the RBI said in a notification.

These banknotes will bear the signature of RBI Governor D Subbarao and the year of printing 2012 will be on the reverse of the banknote, it said.

The design of these notes to be issued will be similar in all respects to the Rs 1,000 banknotes in Mahatma Gandhi Series-2005.

"All the banknotes in the denomination of Rs 1,000 issued by the Bank in the past will continue to be legal tender," the RBI said.—NNN-UNI