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Coinage of the Five Rupees coined in honour of "Jagat Guru Sree Narayana Gurdev" Rules, 2007

The Coinage of the Five Rupees coined in honour of "Jagat Guru Sree Narayana Gurdev" Rules, 2007

Published vide Notification No. G.S.R. 684(E), 23rd October, 2007

Act2429

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 684(E). - In exercise of the powers conferred by sub-section (1) of Section 21, read with Section 7 of the Coinage Act, 1906 (3 of 1906), the Central Government hereby makes the following rules, namely :-

  1. Short title and commencement.- (1) These rules may be called the Coinage of the Five Rupees coined in honour of "Jagat Guru Sree Narayana Gurdev" Rules, 2007.

(2) They shall come into force on the date of their publication in the Official Gazette.

  1. Standard Weight and Remedy allowed.- The standard Weight of the coin of Five Rupee which denomination coined under the provisions of Section 6 of the Coinage Act, 1906 (3 of 1906) in the honour of "Jagat Guru Sree Narayana Gurdev" and the remedy allowed in making of such coins shall be as specified in the Table below :-

Table

Denomination Standard weight Remedy Allowed in composition Remedy Allowed in standard weight
(1) (2) (3) (4)
Five Rupees Six grams Plus or minus for 1% for Chromium that is to say, Chromium may vary between 16% to 18% and remainder Iron. Plus or minus, 4% that is to say, the weight could vary from 5.76 grams to 6.24 grams