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Showing posts with the label New 20 Rupees coin

PM Modi Unveils ₹20 Coin at Vibrant Gujarat Global Trade Show 2024

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The Prime Minister, Shri Narendra Modi, released the ₹20  commemorative coin  and postal stamp to mark the 20 Years of Vibrant Gujarat Summit  during the inauguration of the Vibrant Gujarat Global Trade Show 2024 at Mahatma Mandir in Gandhinagar, Gujarat, on January 9, 2024. The event was graced by the presence of the Chief Minister of Gujarat, Shri Bhupendrabhai Patel, and distinguished guests, including the President of Timor-Leste, Mr. Jose Ramos-Horta, and the President of Mozambique, Mr. Filipe Nyusi. The dignitaries were joined by global leaders and CEOs of top corporations, making it a significant and well-attended occasion. Vibrant Gujarat Global Summit, conceptualized in 2003 under the visionary leadership of the then Chief Minister Shri Narendra Modi, evolved as one of the most reputed global forums for business collaboration, knowledge sharing, and strategic partnerships for inclusive growth and sustainable development. Its theme was 'Gateway to the...

PM Modi to Release ₹20 Coin at Vibrant Gujarat Summit 2024

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The Hon'ble Prime Minister, Shri Narendra Modi, is set to release the ₹20  commemorative coin  and postage stamp to mark the completion of ' 20 Years of Vibrant Gujarat Summit ' at the inauguration ceremony of the ' Vibrant Gujarat Global Summit 2024 ' at Mahatma Mandir, Gandhinagar, Gujarat, on January 9-10, 2024. The Hon'ble Chief Minister of Gujarat, Shri Bhupendrabhai Patel, will be joined by global leaders at the event, including President José Ramos-Horta of Timor-Leste, Prime Minister Petr Fiala of the Czech Republic, President Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE), and President Filipe Nyusi of Mozambique, among others. The Vibrant Gujarat Global Summit 2024, hosted by the Government of Gujarat, is a key international event that brings together global leaders, businesses, and investors to explore economic opportunities, drive innovation, and promote sustainable development. The summit serves as a platform to showcase Gujarat...

Refusal of the New ₹20 Coins by Many Raises Concerns

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An unusual situation has arisen in numerous cities in India, where traders, shopkeepers, and vendors are refusing to accept the newly introduced ₹20 coins. This scenario echoes the past issue with ₹10 coins when rumors circulated about their authenticity. Unfortunately, many citizens remain unaware of the existence of the new ₹20 coin. The newly minted ₹20 coins are produced at all four mints, namely Mumbai, Kolkata, Hyderabad, and Noida. These mints have dispatched consignments of coins to the Reserve Bank of India (RBI), which, in turn, distributes them to banks through regional offices. Despite these efforts, some uninformed citizens are casting doubt on the coins and refusing to accept them. Officials are actively working to raise awareness, but the response remains lukewarm. Bank officials report that, due to space constraints for coin storage, certain banks are limiting coin acceptance from an individual customer to ₹100 per day. Some banks suggest customers deposit coins in acco...

Explained: Few New Definitive Series 2019 Coins Becoming Rare?

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The Hon'ble Prime Minister Shri Narendra Modi unveiled a  new series of definitive coins  designed to cater to visually handicapped disabled citizens last year. This coin series features denominations of ₹1, ₹2, ₹5, ₹10, and ₹20. The coins are crafted with specific considerations to enhance accessibility and usability for individuals with visual impairments. The ₹2, ₹5, and ₹10 coins were released into circulation during the second half of last year, minted with the year 2019. Unfortunately, the ₹1 and ₹20 coins did not enter circulation in the same period, although the  ₹20 coin is expected to be released soon , as reported last month, likely minted in the year 2020. This circumstance may contribute to the limited availability of coins with denominations of ₹1 and ₹20 minted in the year 2019, potentially making them rare. Historically, coins like the 50 Naye Paise 1957 and 1959, as well as the 1 Rupee 1982, have become extremely rare, commanding significant prices in the...

The Coins of India will be Twenty in 2020!

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Starting from the current fiscal year, a new denomination coin of twenty rupees is set to be circulated. The 20-rupees coin is part of the new series unveiled by the Hon'ble Prime Minister Shri Narendra Modi in March 2019, specifically designed for the visually handicapped and will soon enter general circulation. The Mumbai mint has supplied approximately one million coins to the Reserve Bank of India, and it is expected that these coins will soon reach regional offices before being issued to banks. Last year, the Hon'ble Prime Minister Shri Narendra Modi introduced coins as part of the Visually Handicapped Disabled Friendship Series, encompassing ₹1, ₹2, ₹5, ₹10, and now ₹20 denominations. All coins in this series share a common design, with the ₹2, ₹5, and ₹10 coins already in circulation. The introduction of a twenty rupees coin marks the first time in the history of the Republic of India that such a denomination has been introduced. The 20 rupees coin features a 12-polygon...

Govt to Introduce New Series of Coins into Circulation Soon

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The Government of India is set to introduce the newly designed  visually impaired-friendly coins  in denominations of ₹1, ₹2, ₹5, ₹10, and ₹20 into circulation shortly. During the presentation of the Union Budget 2019–20 in Parliament, Finance Minister Smt. Nirmala Sitharaman confirmed that “these new coins will soon be made available for public use,” signaling that the long-awaited definitive series is nearing its release into the banking system. Earlier, on March 7, 2019, Prime Minister Shri Narendra Modi unveiled this new  definitive series of coins , specially designed with enhanced tactile features to aid the visually impaired. The denominations—Re 1, ₹2, ₹5, ₹10, and the newly introduced ₹20 bi-metallic coin—were showcased as part of the government’s commitment to inclusive and accessible currency. With their distinctive designs, tactile marks, and improved aesthetics, these coins represent a significant step forward in India’s currency modernization efforts. Collec...

PM Modi Releases New Visually Impaired Friendly Coin Series

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The Hon’ble Prime Minister, Shri Narendra Modi, unveiled the new definitive series of visually impaired-friendly coins in denominations of ₹1, ₹2, ₹5, ₹10, and ₹20 today, March 7, 2019, in a special event at 7, Lok Kalyan Marg, New Delhi.  The ceremony highlighted the government’s commitment to inclusive currency design, ensuring that visually impaired citizens can confidently identify and use the nation’s coins in everyday transactions. The event was attended by Union Finance Minister Shri Arun Jaitley and Minister of State for Finance Pon Radhakrishnan, alongside PM Modi.  The ₹1, ₹2, ₹5, and ₹10 coins in the series are circular in shape and prominently feature denominations inscribed in Devanagari, along with other differentiating tactile and visual features to assist the visually impaired. The ₹10 and ₹20 coins are bi-metallic, with the ₹20 coin marking the first-ever circulation coin of this denomination in India. Uniquely, the ₹20 coin is shaped as a 12-edged polygon, w...

Govt of India Announces New Coin Series with ₹20 Coin

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The Government of India will issue a new definitive coin series featuring designs of grains, symbolizing the agricultural dominance of the country. The Ministry of Finance issued a gazette notification on March 6, 2019, confirming the launch. This includes the introduction of the ₹20 Bi-metallic coin for general circulation. The new coin series includes denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees, and Twenty Rupees, which will be coined at the Mint for issue under the authority of the Central Government. The metal composition of the ₹1 coin is Ferritic Stainless Steel, weighing 3.09 grams, and having a diameter of 20 mm. The ₹2 coin is made of Ferritic Stainless Steel, weighs 4.07 grams, and has a diameter of 23 mm, featuring 50 wider serrations on the edge. The ₹5 coin is composed of Nickel Brass, weighs 6.74 grams, and has a diameter of 25 mm. The ₹10 coin is a Bi-Metallic coin with Nickel Brass in the Outer Ring and Nickel Silver in the center, weig...

New Definitive Coin Series May Be Announced Soon

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The Government of India is preparing to unveil a new definitive coin series that will enter general circulation alongside the coins currently in use. This anticipated development has generated considerable interest within the numismatic community, as it signals a significant update to the nation’s circulating coinage after several years. Early reports and ongoing discussions suggest that the upcoming series may feature themes aligned with major national initiatives such as "Digital India," "Swachh Bharat," "Beti Bachao Beti Padhao," and "Make in India." These themes reflect the government's broader agenda of technological advancement, social empowerment, and national development, and their inclusion in the new coin designs would mark a symbolic step in promoting these missions through everyday currency. One of the most notable expectations surrounding the new series is the introduction of a ₹20 circulating coin, which would be the first of i...

RBI to Introduce Newly Designed ₹20 Banknote Soon

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The Reserve Bank of India (RBI) is preparing to introduce a newly designed ₹20 currency note, according to an official document released by the central bank.  This introduction continues RBI’s multi-year initiative to modernize India’s currency system with improved security features, enhanced durability, and designs that highlight the nation’s cultural heritage. The upcoming ₹20 note will prominently feature an illustration of the historic Ajanta Caves of Maharashtra on its reverse. The Ajanta complex, a UNESCO World Heritage Site, is celebrated worldwide for its ancient rock-cut architecture and exquisite Buddhist frescoes. Alongside this depiction, the note will carry the Swachh Bharat logo and slogan, reinforcing the national commitment toward cleanliness and public hygiene. On the obverse, the familiar portrait of Mahatma Gandhi will remain unchanged, maintaining continuity with the Mahatma Gandhi (New) Series of banknotes. This new design follows the RBI’s ongoing rollout of r...

New Denomination 20 Rupees for General Circulation Soon!

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The Government of India is reportedly preparing to introduce a new ₹20 coin into general circulation, marking a significant development in the evolution of modern Indian coinage.  According to early reports and circulating rumors, the proposed coin is expected to feature a bi-metallic composition and adopt a distinctive hendecagonal shape—an 11-sided design reminiscent of the earlier ₹2 coin that once held widespread familiarity among the public.  If these speculations come to fruition, the ₹20 coin will become only the second bi-metallic coin in regular circulation after the ₹10 coin, further expanding the diversity of India’s circulating currency. The introduction of a new coin denomination follows a structured and carefully considered process overseen by the Government of India. Decisions regarding the design, metal composition, size, weight, and issuance of coins fall under its direct purview. Once approved, these coins are produced by the nation’s four operational mints ...