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RBI has not launched Rs 5000 currency note and, these Rs 150, Rs. 100, Rs. 20 coins are not legal tender

But they are happy that the rupee has a definite and strong symbol. Click NEXT to see the other shortlisted rupee symbol designs and the creator’s views… Five designs were shortlisted from over 25,000 applications received from across the country.

The name is in Assamese and means ‘gateway to mathematics’. As for me, it makes a big difference as my design has been chosen to represent the Indian currency. Today, I am getting so many calls from India and abroad, it makes me feel really proud. I was always interested in extra-curricular activities.

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Udaya Kumars representative symbol for the rupee was adjudged the best in a national contest sponsored by the Union finance ministry which attracted over 10,000 entries. On July 15 last year, his design was selected by a panel of seven eminent judges including two officials each from the finance ministry and RBI, and professors of NID Ahmedabad, JJ School of Arts, Mumbai and IGNOU, New Delhi. He was awarded Rs.2.5 lakh in prize money which he donated to Prajwala, a Hyderabad-based NGO working against trafficking in women and children. A post with photos of Rs. 5000, Rupee 1 currency notes, and Rs. 150, Rs. 100, Rs. 20 coins is being widely shared on social media claiming that they were released by the Reserve Bank of India as new currency. Browse 6,999 indian currency stock photos and images available or search for indian currency note or gold and indian currency to find more great stock photos and pictures. Celebrity astrologer Bejan Daruwalla disagreed that the problems lay with the rupee’s design.

  • We are sure that there is some very interesting story behind that design.
  • Soni said the government will try that the symbol is adopted within six months in the country and globally within 18 to 24 months.
  • I followed my passion and made it to School of Architecture and Planning, Anna University to do Bachelors in Architecture and Master’s M. Des and PhD from Industrial Design Centre, IIT Bombay.
  • Most design institutions in our country are not behind they are nearly the same.

I started tinkering with designs and calligraphy when I had to design brochures for college events, et cetera. I was quite confident, but all the designs were good and had their own identity. In his latest stint as a professor at IIT-Guwahati, he wants to share his knowledge of typography and help students discover the essence of India’s regional scripts. It was a busy day for Hitesh Padmashali creative director, Design, JWT, Mumbai.

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You can have prolonged periods of time, when sanity takes a back seat and excesses happen. India is one of the oldest civilizations in the world with a kaleidoscopic variety and rich cultural heritage. It has achieved all-round socio-economic progress since Independence.

  • The symbol lends an identity to the Indian currency and helps to differentiate it from similar currencies of other countries such as Pakistan, Sri Lanka and Indonesia.
  • As for me, it makes a big difference as my design has been chosen to represent the Indian currency.
  • I also made sure it has an international appeal with an Indian touch.

The design of Indian rupee was chosen through an open competition conducted by the Ministry of Finance. The horizontal lines form a background effect of tricolor which slightly symbolizes the Indian national flag flying at the top. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.”

New one rupee note design

One of the most interesting theories put out is that it is the symbol of rupee which is responsible for the bloodbath. The process of establishing and implementing this new identity is underway through various digital technology and computer applications. The symbol of Indian Rupee typifies India’s international identity for money transactions and economic strength.

This series comprised the first British India notes—Rs 10, Rs 20, Rs 50, Rs 100, Rs 1,000. My future plan is to excel in design education, motivate youngsters to spend their time productively and achieve their goals. Secondly, contribute to the nations growth and development through design. There are plenty to share here is one, as usual I went to take one of my elective class in the morning upon reaching the classroom, I noticed the room was decorated. As soon as I entered the room there was a chorus, ‘Happy Birthday to you sir’ with a delicious chocolate cake and gifts. I knew it was my birthday but not much happened in the morning other than the phone calls.

New one rupee note colour

OMS means Off Metal Strike and it describes when a coin is minted using a different metal than usual. In this case, the 1985 OMS One Rupee coin which was auctioned for 2.5 Lakh was minted in Copper Only. On the other hand, the other 1985 coins were made in Copper-Nickel.

The symbol I designed is a blend of the Devanagri ‘Ra and the Roman ‘R, with the Ashoka chakra of the Indian tricolour also represented in it. Born in Chennai on 10 October, 1978, Kumar’s family hails from Thanjavur. The magnificent temples there must have had something to do with his decision to study architecture, which he pursued at Anna University in Chennai.

Soni said it would also help in distinguishing the Indian currency from rupee or rupiah of countries like Pakistan, Nepal, Sri Lanka and Indonesia. Information & Broadcasting Minister Ambika Soni showing the symbol of Indian rupee. The rupee will join the elite club of US dollar, British pound-sterling, Euro and Japanese yen to have its own symbol. The symbol for Indian Currency Rupee was approved by the Union Cabinet. Winners of OYO money will get the amount credited to their wallet.

It gave me immense satisfaction when I made a poster and brochures publicising even a small event through my design. This interest grew deeper and I decided to do my masters in visual communication from service development cycle is lengthy IIT-Bombay, after which I did my research in typography. The course helped me make a design with some meaning. With a single character, I have tried to portray the Indian Tricolour on the symbol.

In ancient days before money was invented, the barter system was used. The One Rupee currency note shall be rectangular 9.7 x 6.3 cms, with its paper made of 100 per cent rag content. The note will be 110 microns thick, weighing 90 GSM . So, if you are in possession of this rare coin then you can sell it online on Indiancoinmill.com. The website provides a 100% free platform to sell rare and old notes and coins. You need to place your ad on website and the interested customer will contact you by email.

who invented rupee symbol

As the 7th largest country in the world, India stands apart from the rest of Asia, marked off as it is by mountains and the sea, which give the country a distinct geographical entity. Bounded by the Great Himalayas in the north, it stretches southwards and at the Tropic of Cancer, tapers off into the Indian Ocean between the Bay of Bengal on https://1investing.in/ the east and the Arabian Sea on the west. For a man used to painstaking and solitary pursuit of meaning in symbols, typefaces and ancient Tamil manuscripts, the attention must have been unsettling. In the evening, cars came to haul him off to television studios. As the value of currency increases, the size of the paper note also increases.

Who discovered money?

The first metal money dates back to 1000 B.C. China. These coins were made from stamped pieces of valuable metal, such as bronze and copper. Early iterations of coins were also used by ancient Greeks, starting around 650 B.C.

I have not even had the time to celebrate or think about it. I have been talking to the media and other well-wishers since morning. In an interview with rediff.com, Udaya Kumar shares the excitement of winning one of the nation’s most coveted recognitions. Awards and recognitions have been his best companions.