What is the Full Form of INR | Physics Wallah
Share
Full form of INR
A full form of INR is the Indian Rupee. INR is the official currency of the Indian Republic. It is authorized and controlled by the RBI (Indian Reserve Bank). The Rupee was split into 100 paise in 1957, i.e.
1 Rupee = 100 paise
Based on the Reserve Bank of India Act of 1934, the RBI regulates Indian currency and plays its role in financial management. Since 2010, INR has been replaced by "₹" instead of Rs. Udaya Kumar stopped it. The lowest amount used in the nation is one-rupee coin, but one Rupee became demonized in 2019.
The RBI is issuing rupee coins for various denominations such as 50 rupees, 1 rupee, 2 rupees, 5 rupees, and ten coins. Most of those coins include King Ashoka. The RBI issued banknotes at prices including one, two, five, ten, twenty, fifty, one hundred, two hundred, two hundred, and two thousand. Each of these denominations appears on the other side of Mahatma Gandhi's statue except for one rupee note. One rupee note has a picture of rupee-coin.
Various types of INR
The various types of INR in coins and rupees are given below.
Coins
- One Rupee
- Two Rupee
- Five Rupee
- Ten Rupee
Notes
- One Rupee
- Two Rupee
- Five Rupee
- Ten Rupee
- One Rupee
- Two Rupee
- Five Rupee
- Ten Rupee
- Twenty Rupee
- Fifty Rupee
- One Hundred Rupee Note
- Two Hundred Rupee Note
- Five Hundred Rupee Note
- Two Thousand Rupee Note
Security issues in INR
The use of security features in the Indian rupee is essential in maintaining official transactions in the Indian economy. There is always the opportunity for duplicate notes in the Indian Rupee. Repeated notes can be a significant cause of the recession and decline.
To avoid duplication, the following points are included.
- Attach a security threat
- Using Identification Tags
- Use of watermark
- Use of fluorescence and optically variable ink.
