Government of India in consultation with the Reserve Bank of India decides the design of banknotes. In terms of Section 25 of RBI Act, 1934, the design of banknotes is required to be approved by the Central Government on the recommendations of the Central Board of the Reserve Bank of India.
On behalf of the Central Board, the Department of Currency Management makes the main design of bank notes. It also forecasts the demand for notes, and ensures smooth distribution of notes and coins throughout the country.
