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Paper Money

A Paper Money (simply a note) is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender.

Along with coins, banknotes make up the cash or bearer forms of all modern fiat money.

star note

Star (*) Series Notes

The Star series banknotes look exactly like the earlier banknotes in the Mahatma Gandhi series but have an additional character, viz., * (Star) in the number panel between the prefix and the serial number. The packets with Star series notes contain, as usual, 100 pieces, though not in serial order. The Star series system helps in streamlining the procedures at the printing press and reducing manpower deployed in replacement activity. The bands of the fresh note packets containing the Star series numbered note/s clearly indicate the presence of such banknotes in the packets. These notes are typically used to replace a note damaged during the printing process to maintain the correct count of notes in a serial number run. Packs of STAR notes are sometimes released when the supply is greater than what’s needed. Since STAR notes are much more uncommon, they are prized by collectors.

starnote2

The Star series banknotes, issued in Rs.10, Rs.20, Rs.50 and Rs.100 denominations. The Star series banknotes look exactly like the existing banknotes of .10, Rs.20, Rs.50 and Rs.100 but had an additional character, viz., * (star) in the number panel between the prefix and the serial number. Consequently, some fresh banknote packets issued by the Bank may contain some notes having a *(star) in the number panel in the space between the prefix and the number. The bands of the packets containing the Star series number will clearly indicate the presence of such banknotes in the packets. Fresh note packets with star series notes will, as usual, have 100 pieces with the star series notes placed at the bottom of the packet.

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