INR Full Form

INR is the official currency of India. Before 15th July 2010, the symbol of INR was Rs and Re. in text form. RBI approves and monitors INR. The INR Full Form is Indian Rupees. There are several aspects associated with INR. Read on to get complete information regarding INR and the associated aspects.


What is INR?

INR Full Form is Indian Rupees, and INR is the official currency of India. The symbol of INR was Rs. and Re. before 15th July 2010. Subsequently, the symbol was changed to ‘Insert Rupee Symbol’ The Reserve Bank of India approves and monitors the INR. INR is divided into paisa, and 1 INR consists of 100 paise.

RBI issues both coins and banknotes. Coins are issued in denominations of 1 rupee, 2 rupees, 5 rupees, 10 rupees and 20 rupees. Banknotes are issued in denominations of 1 rupee, 2 rupees, 5 rupees, 10 rupees, 20 rupees, 50 rupees, 100 rupees, 200 rupees, 500 rupees and 2000 rupees. The Paper Currency have different colours with different images on the reverse of the Currency. The details are as given below.

DenominationColour of the currencyImage on the reverse 
1 rupeePinkSagar Samrat Oil Rig
2 rupeesMagentaKing George
5 rupeesGreenMahatma Gandhi
10 rupeesChocolate BrownKonark Sun Temple
20 rupeesYellowish GreenEllora Caves
50 rupeesCyanHampi with Chariot
100 rupeesLavendarRani ka Vav
200 rupeesBright YellowSanchi Stupa
500 rupeesStone GreyRed Fort
2000 rupeesMagentaMangalyaan

History of INR

  • The word Rupee is derived from the Sanskrit word Rupyakam which means silver coin.
  • The evolution of the Rupee dates back to the 16th Century when Humanyun was defeated by Sher Shan, and Sher Shah issued the first silver coin weighing 178 gms which was known as Rupiya. Rupiya was in use during the Moghul Era, Maratha Regime and during British India.
  • Paper currency was issued in the 18th Century for the first time by Hindostan General Bank and Bengal Bank in Bengal.
  • The first paper currency issued by RBI during January 1938 was a five rupee note, and it had the portrait of King George VI.
  • In 1959 One rupee note and 100 rupee note were issued specially for Haj Pilgrims to enable them to exchange it with the Saudi Arabian Currency.
  • At present, the Currency is issued under the RBI Act 1934.

What was the objective of demonetisation?

The economy of India is cash-based which has resulted in the circulation of fake Currency by the ones engaged in illegal activities. On account of this, RBI had to introduce novel security features over the years. Money launderers counterfeit fake notes that look identical to legal banknotes. Normally the high-value notes are replicated.

With an objective to curtail black marketing of Indian Currency, demonetisation of the Mahatma Gandhi Series 500 rupees and 1000 rupees banknotes was announced in 2016. The new Mahatma Gandhi Series with enhanced security features replaced the demonetised 500 rupee banknote.

What are the security features of INR Currency

To avert the counterfeiting and circulation of fake notes, RBI has introduced several novel security features over the years. At present, the security features of INR Currency are given below:

  • Security Thread
  • Micro Lettering
  • Latent Image
  • Watermark
  • Fluorescence
  • Intaglio Printing
  • Optically Variable Ink
  • Identification Mark
  • RBI Governor’s Signature

Interesting Facts About INR

  • Subsequent to 2019, the minimum denomination used was 1 rupee
  • The issuance of currency notes and coins is managed by RBI
  • Demonetisation of 500 rupees and 1000 rupee notes were announced in 2016.
  • 200 rupee banknotes were issued on 25th August 2017.
  • In 2010 the symbol of INR was modified from Rs to ‘Insert Rupee Symbol.’
  • 100 rupee banknotes were redesigned in July 2018.
  • The denominations are written in 15 languages on the reverse side of the rupee notes. 
  • Denominations are written in English and Hindi on the face of the rupee notes.

What does legal tender mean?

A coin or banknote that can be legally presented to pay off a debt or obligation is a legal tender. The coins issued by GOI under Section 6 of the Coinage Act 2011 shall be legal tender provided it has not been defaced or lost weight and is lesser than the prescribed weight. A coin of less than 1 rupee denomination can be legally tendered for an amount below 1000 rupees, and a 50 paisa coin can be legal tender for an amount below 10 rupees. Nobody can be forced to accept the denominations beyond the stipulated maximum limit unless they voluntarily accept the same.

Where are the banknotes and coins minted?

Four currency presses produce the banknotes and coins. The Government of India owns two of them and operates through the Security Printing and Minting Corporation of India. The Reserve Bank of India owns the other two and operates through its wholly-owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited.

SPMCL has its currency presses at Nasik and Dewas. The currency presses of BRBNMPL are situated at Mysore and Salboni. Four mints owned by SPMCL mint the coins. The mints are situated in Mumbai, Kolkata, Hyderabad and Noida. Only RBI is authorised to issue and circulate coins as per Section 39 of the RBI Act.

Role of RBI in Currency Management

Reserve Bank of India is only authorized to issue banknotes as per Section 25 of the RBI Act. As per Section 25, the form, material and design of the banknotes are approved by the Central Government based on the recommendations of the Central Board of RBI.

In consultation with the Central Government and other stakeholders, RBI estimates the extent of banknotes denomination-wise that needs to be minted and places indents with the various presses that print Currency.

The RBI provides clean and crisp notes to the public as per the clean note policy. The RBI examines the banknotes received back after circulation and destroys the solid and mutilated notes, and reissues notes that are fit for circulation with an objective to provide clean notes to the public.

The designing and minting of coins are the responsibility of the Government of India, and RBI only has to distribute the coins that are supplied.


You are now aware of the INR Full Form, how the Currency and coins reach us, who produces the banknotes and coins etc. You are also aware of the most important aspect of the INR, which is the security features that isolate the genuine Currency from the fake Currency. So next time you are receiving high-value Currency, you will be able to identify a counterfeit currency with the knowledge acquired.

INR Full Form FAQs

What is the Indian Currency, and what is the symbol?


INR or Indian Rupee is the currency of India. The symbol of India is the ‘Insert Rupee Symbol’, and the design resembles the Sanskrit word ‘Ra’ and the Latin letter ‘R’. There is also a double horizontal at the top.

What is a small coin depot?


Small value coins, i.e., coins below the value of 1 rupee, are stored and supplied by small coin depots to bank branches in their jurisdiction. Some of the banks have been authorised to establish these small coin depots.

Where should you look if you need the information on the Currency that is presently in circulation?


You can get the information about the Currency in circulation at present from the site 

There is an ‘I Promise to Pay’ clause on the banknotes. What does it mean?


RBI being the issuer of banknotes is liable to pay the value of the currency on-demand as per Section 26 of the RBI Act 1934. The clause printed on the banknote, ‘I promise to pay the bearer the sum of rupees’, is a promissory clause that indicates the obligation of the bank towards the bearer or holder of the banknote.