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The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for the regulation of the Indian banking system. It is responsible for the control, issuing and maintaining a supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development.
The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. Though privately owned initially, it was nationalised in 1949 and since then fully owned by the Ministry of Finance, Government of India.
Obverse
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Depicts the State Emblem of India with Satyameva Jayate surrounded by the country name above and denomimation below. भारत INDIA |
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Reverse
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Depicts the seal of the Reserve Bank of India (an Indian lion facing left, a palm tree behind), surrounded by the inscription in two languages above and dates below, with a mintmark below the date. भारतीय रिज़र्व बैंक RESERVE BANK OF INDIA |
Edge |
Characteristics
Type | Commemorative Issue (Circulating) |
Material | Bi-Metallic |
Ring | Aluminium Bronze |
Center | Cupronickel |
Weight | 7.71 g |
Diameter | 27 mm |
Thickness | 1.8 mm |
Shape |
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Alignment | Medal |
Mints |
Hyderabad Mint (★) Mumbai Mint (M) Mumbai Mint (♦) Noida Mint (●)
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