Coinage of the Hundred Rupees and Five Rupees coined to commemorate "State Bank of India Bicentennial Year" Rules, 2006

The Coinage of the Hundred Rupees and Five Rupees coined to commemorate "State Bank of India Bicentennial Year" Rules, 2006

Published vide Notification No. G.S.R. 55(E), 10th February, 2006

Act2482

Ministry of Finance

(Department of Economic Affairs)

G.S.R. 55(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 herby makes the following rules, namely:-

  1. Short title and commencement.- (1) These rules may be called the Coinage of the Hundred Rupees and Five Rupees coined to commemorate "State Bank of India Bicentennial Year" Rules, 2006.

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

  1. Definition.- In these rules "Act" means the Coinage Act, 1906 (3 of 1906).
  2. Standard Weight and Remedy allowed on coins of certain denominations coined to commemorate "State Bank of India Bicentennial Year".- The Standard Weight of the coins of the following denominations, coined under the provisions of Section 6 of the Act, to commemorate "State Bank of India Bicentennial Year" 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 In standard weight
(1) (2) (3) (4)
One Hundred Rupees 35 grams 1/500th plus or minus for Silver, that is to say, the Silver contents may vary from 498 to 502 per 1000. 1/100th plus or minus, that is to say, the weight could vary from 34.65 grams to 35.35 grams
Five Rupees 9 grams 1/100th plus or minus for Copper and Nickel, that is to say, Copper could vary from 74% to 76% and Nickel from 24% to 26%. 1/40th plus or minus, that is to say, the weight could vary from 8.7750 grams to 9.2250 grams.