The new notes could feature photos of people never previously seen on Indian currency. So far, the Indian notes have featured the image of Mahatma Gandhi, the Father of the Nation; however, if stories are to be believed, that could alter shortly.
New Series of watermark figures in Banknotes
The Finance Ministry and the Reserve Bank of India (RBI) are apparently considering placing Rabindranath Tagore and APJ Abdul Kalam’s watermark figures on a new series of banknotes of various denominations.
Along with M K Gandhi, Rabindranath Tagore, one of Bengal’s biggest symbols, and India’s 11th President, APJ Abdul Kalam, better known as the Missile Man, are rumored to be in the running to appear on the country’s banknotes.
According to sources, one of nine RBI internal committees formed in 2017 to recommend new security features for a new series of banknotes submitted its report in 2020, proposing that, in addition to Gandhi, watermark figures of Tagore and Kalam be developed for inclusion in all currency notes, with the exception of the Rs 2,000 note, whose printing had already stopped.