Currency notes may soon have watermarks of Rabindranath Tagore and APJ Abdul Kalam along with M.K. Gandhi, say media reports.
The Union finance ministry and the Reserve Bank of India (RBI) are considering using the watermarks of the renowned author and Missile Man in a few denominations of notes.
According to The New Indian Express, the Security Printing and Minting Corporation of India (SPMCIL) and the RBI sent two sets of samples watermarks with Tagore, Gandhi and Kalam to IIT-Delhi Emeritus Professor Dilip T. Shahani, who will pick a set and sent it back. The final decision will be taken by the government, at the highest levels.
According to the TNIE report, an internal RBI committee, sent a report in 2020, proposing that besides Gandhi, watermarks of Tagore and Kalam could be included in currency notes.
A year later, Bharatiya Reserve Bank Note Mudran Pvt Ltd and SPMCIL’s Security Paper Mill was asked by the RBI to design watermark samples. These have been sent to Shahani to take a call.
