RBI to introduce Rs 1000 notes with new Rupee Symbol

India will now have the new Rupee symbol printed on all currency notes of Rs 1000 domination.

Reserve Bank of India has said on Tuesday it will soon issue Rs.1,000 denomination notes with the rupee symbol and improved security features.

A RBI statement said the new notes will have the letter ‘L’ in both the numbering panels.

These notes will bear the signature of RBI Governor D. Subbarao. The year of printing 2012 will be on the reverse.

“The design of these notes is similar in all respects to the Rs.1,000 bank notes in Mahatma Gandhi Series-2005 issued earlier,” the RBI said. The existing Rs.1,000 notes will continue to be legal tender.