Indian 1000-rupee note
| (India) | |
|---|---|
| Value | ₹1000 |
| Width | 177 mm |
| Height | 73 mm |
| Security features | Security thread, latent image, micro-lettering, intaglio print, fluorescent ink, optically variable ink, watermark, and see through registration device. |
| Paper type | special variety of cotton, linen, abaca and fibre |
| Years of printing | November 2000 – November 2016 |
| Obverse | |
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|
| Design | Mahatma Gandhi |
| Design date | 2000 |
| Reverse | |
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|
| Design | Economy of India |
| Design date | 2000 |
The Indian 1000-rupee banknote (₹1000) was a denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹1000, ₹5000, and ₹10,000 were demonetized in order to curb unaccounted cash money.
In order to contain the volume of banknotes in circulation due to inflation, the ₹1000 banknote was again re-introduced in November 2000, as a part of the Mahatma Gandhi Series of banknotes; these were demonetized on 8 November 2016 by the Prime Minister of India Narendra Modi, with the claimed reasons of preventing the issue of counterfeit currency and to fight corruption and black money in India.
On 10 November 2016, Shaktikanta Das of the Ministry of Finance announced a new ₹1000 banknote would be released in the Mahatma Gandhi New Series in the coming months.
The ₹1000 banknote of the Mahatma Gandhi Series is 177 × 73 mm Amber-red coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of Reserve Bank of India. It has a Braille feature to assist the visually challenged in identifying the currency. The reverse side features the motif of an oil rig, a satellite and a steel foundry, all together featuring the Economy of India.
As of 2011, the new ₹ sign has been incorporated into banknotes of ₹1000. In January 2014, RBI announced that it would be withdrawing from circulation all banknotes printed prior to 2005 by 31 March 2014. The deadline was later extended to 1 January 2015, and then again to 30 June 2016.
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