What is the full form of INR?

The full form of INR is Indian Rupee. The official currency of the Republic of India is the INR. RBI approves and controls it (Indian Reserve Bank). In 1957, the rupee was divided into 100 paise.

1 rupee equals 100 paise

The RBI manages currency in India and has a role in currency management under the Reserve Bank of India Act of 1934. The national currency is the one rupee coin. However, it was demonised in 2019.

The RBI issues rupee coins in various metals in values such as 50 paise, 1 rupee, 2 rupees, 5 rupees, and 10 rupees. The majority of those coins depict King Ashoka. The RBI issued banknotes in denominations of one, two, five, ten, twenty, fifty, two hundred, five hundred, and two thousand rupees. Except for the one rupee note, each of these denominations appears on the opposite end of Mahatma Gandhi’s picture. The one rupee note features an image of a rupee coin.

Various types of INR

The various INR coin and rupee denominations are given below.

Cones

1. One Rupee
2. Two Rupee
3. Five Rupee
4. Ten Rupee

Notes

1. One Rupee
2. Two Rupee
3. Five Rupee
4. Ten Rupee
5. Twenty Rupee
6. Fifty Rupee
7. One Hundred Rupee Note
8. Two Hundred Rupee Note
9. Five Hundred Rupee Note
10. Two Thousand Rupee Note

Security issues in INR

Because there is always the possibility of duplicate Indian Rupee notes, the implementation of security mechanisms in Indian rupees is vital in preserving genuine transactions in the Indian economy. The duplicate notes could be a major contributor to the economy’s weakness and downfall.

The following points are included to avoid duplication.

• Attach safety thread
• Using Identification Tags
• Usage of watermark
• Usage of fluorescence and optically variable ink.