RBI to issue Rs 5 coin on Golden Jubilee of 1965 Indo-Pak War

In Banking and Finance
September 4, 2015

The Banker of the Banks, the RBI has decided to issue 5 rupees coins to commemorate golden jubilee year of 1965 Indo-Pak War. The coins will be legal tender as provided in The Coinage Act 2011. Existing coins in this denomination will also continue to be legal tender.

Points to Note

The new coin in the obverse will bear Lion Capital of Ashoka Pillar in the centre with Satyamev Jayate inscribed below it
On the reverse it will bear image of ‘Amar Jawan’ monument along with the design of olive leaves branch on its left and right sides at the center, with the inscription “veerata aur balidan” in Devnagri script on the left upper periphery and “VALOUR AND SACRIFICE” in English on the right upper
periphery.
The year “2015” is written below the image of the monument.
Also, “GOLDEN JUBILEE 1965 OPERATIONS” in English on the lower periphery will also be written on this face of the coin.

Test Your Knowledge

On July 2015, The Reserve Bank announced plans to put into circulation _____coins to commemorate the International Day of Yoga.

Click to View Answer

Answer – 10 Rupee.

Who has the sole rights to mint coins?

Click to View Answer

Answer – Government of India. Coins are minted at the four India Government Mints at Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and Noida (UP). Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act, 1906.