According to sources one rupee note will be back after 23 years. Meanwhile the government said the smallest denomination note is printed and ready for release soon. The Re 1 note was discontinued in 1994. The next year, Rs 2 and Rs 5 notes were also pulled out to free printing facilities for higher denomination notes and further the old notes are still in circulation and remain legal.
Meanwhile the new one rupee note will cost the taxpayer 94 paise, compared to the one rupee coin, which is 70 paise when melted and has the highest circulation.
Meanwhile according to an official statement, the watermarks of the Re 1
note will include the Ashoka Pillar, the hidden numeral "1" and the
hidden word "Bharat (in Hindi)". This note is as same but the color
is dark pink and green. Reserve Bank's Governor had signed in the new note.
This one rupee note is under circulation in many parts of Tamilnadu.
