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Date: 11-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Issue of a Commemorative Coin on the occasion of completion of 100 years of Mumbai Main Branch of State Bank of India (SBI)

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This Extraordinary Gazette Notification from the Ministry of Finance (Department of Economic Affairs), Government of India, dated September 10, 2024, announces the creation of a commemorative 100 Rupee coin to mark the centenary year of the State Bank of India's Mumbai Main Branch building.

Key Changes

  • A new commemorative 100 Rupee coin will be issued.
  • The coin will be circular, 44 millimeters in diameter, and composed of a quaternary alloy (50% silver, 40% copper, 5% nickel, 5% zinc).
  • The obverse side will feature the Lion Capitol of the Ashoka Pillar, 'Satyameva Jayate', 'भारत' (India in Devanagari), and 'INDIA' in English, along with the Rupee symbol and '100'.
  • The reverse side will depict the SBI Mumbai Main Branch building, the years 1924 and 2024, and text in both Devanagari and English commemorating the centenary.
  • The standard weight is 35 grams, with an allowed remedy of ±1/500th for silver content and ±1/100th for total weight.

Impact Analysis

Impact on the State Bank of India (SBI)

  • Action Item: SBI should plan commemorative events and marketing campaigns around the coin's release.

Impact on Numismatists and Collectors

  • Action Item: Monitor market demand and pricing of the commemorative coin.

Impact on the General Public

  • Action Item: Ensure wide distribution channels for the coin to reach the public.

Impact on the Mint

  • Action Item: The mint should ensure timely and efficient production of the commemorative coins.

Impact on the Government

  • Action Item: The government should ensure transparent and accountable distribution of the coins.

Key Entities Referenced

Ministry of Finance (Department of Economic Affairs): The issuing authority of the gazette notification and responsible for the coinage rules. State Bank of India (SBI): The commemorative coin celebrates the centenary of its Mumbai Main Branch building. Coinage Act, 2011 (11 of 2011): The legal framework under which the rules for the commemorative coin are issued. The Mint: The entity responsible for the production of the commemorative coin.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-11092024-257087 xxxGIDHxxx CG-DLxx-xEG-I1D1E0x9x2x0 24-257087 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 521] नई दिल्ली, बुधिार, जसतम्ब र 11, 2024/भार 20, 1946 No. 521] NEW DELHI, WEDNESDAY, SEPTEMBER 11, 2024/BHADRA 20, 1946 जित्त मत्रं ालय (आर्थकि काय िजिभाग) अधिसचू ना नई दिल् ली, 10 जसतम्ब र, 2024 सा.का.जन. 563(अ).—केन्द्रीय सरकार, जसक्का जनमािण अजधजनयम, 2011 (2011 का 11) की धारा 24 की उपधारा (2) के खंड (घ) और खंड (ड.) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, जनम्नजलजखत जनयम बनाती ह,ै अथाित्:- 1. संजिप्त नाम और प्रारम्भ.- (1) इन जनयमों का संजिप्त नाम जसक्का जनमािण (भारतीय स्ट्टेट बैंक मुंबई मुख्य िाखा भिन के िताब्िी िर्ि के अिसर पर स्ट्मारक जसक्का िारी करना) जनयम, 2024 ह।ै (2) ये रािपत्र में इनके प्रकािन की तारीख को प्रिृत्त होंगे। 2. जसक्के का मल्ू यिग.ि- भारतीय स्ट्टेट बैंक मुंबई मुख्य िाखा भिन के िताब्िी िर्ि के अिसर पर केंरीय सरकार के प्राजधकार के अधीन िारी करने के जलए टकसाल में मल्ू य एक सौ रुपय े िगि का जसक्का ढाला िाएगा । 3. जसक्के की जिमाएं और सरं चना.- जनयम 2 में उजल्लजखत मल्ू य िगि के जसक्के, जनम्नजलजखत जिमाओं और सरं चना के अनरूु प होंगे, अथाित:्- 5827 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] जसक्के का मूल्य िग ि आकार और बाह्य व्यास िांतेिार दकनारे की संख्या धातु संयोिन (1) (2) (3) (4) चतुधाितुक जमश्र धात ु चांिी - 50 प्रजतित िृत्ताकार एक सौ रुपय े 200 तांबा - 40 प्रजतित 44 जमलीमीटर जनदकल - 05 प्रजतित िस्ट्ता - 05 प्रजतित 4. जडज़ाइन.– जसक्के का जडज़ाइन िह होगा िो इन जनयमों की पहली अनुसूची म ें यथा जिजनर्िष्टि ह।ै 5. मानक ििन और अनज्ञु ात उपचार.- भारतीय स्ट्टेट बैंक मुंबई मुख्य िाखा भिन के िताब्िी िर् ि के अिसर पर स्ट्मरणोत्सि मनाने के जलए जनयम 2 में जनर्िष्टि मल्ू य िगि के ढाले गए जसक्के का मानक ििन और ऐसे जसक्के को बनाने म ें अनुज्ञात उपचार िह होगा िो इन जनयमों की िसू री अनुसूची में यथा जिजनर्िष्टि ह।ै पहली अनसु चू ी (जनयम 4 िेख)ें एक सौ रुपय े अग्र भाग: जसक्के के इस भाग पर मध्य म ें अिोक स्ट्तम्भ का ससंह स्ट्तम्भ िीर्ि होगा, जिसके नीचे “सत्यमेि ियत”े लेख उत्कीर्णित होगा, उसकी बाईं पररजध पर िेिनागरी जलजप में “भारत” िब्ि और िाईं पररजध पर अंग्रेिी में “INDIA” िब्ि होगा। ससंह स्ट्तम्भ िीर्ि के नीच ेरुपय ेका प्रतीक “₹” और अंतरािष्ट्रीय अंकों में अंदकत मूल्य “100” भी होगा । पष्टृ भाग: जसक्के के इस भाग पर एस बी आई मुंबई मुख्य िाखा के भिन का जचत्र होगा । एस बी आई मुंबई मुख्य िाखा भिन के जचत्र के बाईं तथा िाईं ओर अंतराष्ट्रि ीय अंकों म ें क्रमिः1924 तथा 2024 उत् कीण ि होगा । जसक्क े की ऊपरी पररजध पर िेिनागरी जलजप म ें “एस बी आई मुंबई मख्ु य िाखा भिन िताब्िी िर्ि” उत् कीणि होगा तथा जसक्क े की जनचली पररजध पर अग्रं ेिी में “CENTENARY YEAR SBI MUMBAI MAIN BRANCH BUILDING” उत् कीणि होगा। िसू री अनसु चू ी (जनयम 5 िेख)ें अनुज्ञात उपचार जसक्के का मूल्यिग ि मानक ििन संयोिन म ें मानक ििन म ें )1( )2( )3( )4( चांिी के जलए 1/500िां जहस्ट्सा िमा या 1/100िां जहस्ट्सा िमा या घटा घटा अथाित् चांिी का अंि प्रजत 1000 में अथाित ् ििन 34.65 ग्राम से एक सौ रुपय े 35 ग्राम 498 से 502 के बीच हो सकेगा । 35.35 ग्राम तक हो सकता ह।ै [फा. स.ं 02/03/2024-जसक्का] अपणा ि भारटया, सलाहकार[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 MINISTRY OF FINANCE (Department of Economics Affairs) NOTIFICATION New Delhi, the 10th September, 2024 G.S.R. 563(E).—In exercise of the powers conferred by clauses (d) and (e) of sub-section (2) of section 24 of the Coinage Act, 2011(11 of 2011), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.-(1) These rules may be called the Coinage (Issue of Commemorative Coin on the occasion of State Bank of India, Mumbai Main Branch Building Centenary Year) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Denomination of coin.-The coin of one hundred rupees denomination shall be coined at the Mint for issue under the authority of the Central Government on the occasion of State Bank of India, Mumbai Main Branch Building Centenary Year. 3. Dimension and composition of coin.-The denomination of the coin mentioned in rule 2 shall conform to the following dimensions and composition, namely: Denomination Shape and outside diameter Number of serrations Metal composition of the coin (1) (2) (3) (4) Quaternary Alloy Silver - 50 per cent. One Hundred Rupees Circular 200 Copper - 40 per cent. 44 millimeter Nickel - 05 per cent. Zinc - 05 per cent. 4. Design.- The design of the coin shall be as specified in the First Schedule annexed to these rules. 5. Standard weight and remedy allowed.- The standard weight of the coin of denomination referred in rule 2 shall be coined to commemorate on the occasion of State Bank of India, Mumbai Main Branch Building Centenary Year completion and the remedy allowed in making of such coin shall be as specified in the Second Schedule annexed to these rules. THE FIRST SCHEDULE [See rule 4] ONE HUNDRED RUPEES OBVERSE: This face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend “सत्यमेव जयते” inscribed below, flanked on the left periphery with the word “भारत” in Devnagri script and on the right periphery with the word “INDIA” in English. It shall also bear the Rupee symbol “₹” and denominational value “100” in the international numerals below the Lion Capitol. REVERSE: The face of the coin will bear the image of SBI Mumbai Main Branch Building in the centre of the coin. The year 1924 and 2024 in the international numerals shall be inscribed on left and right side of the image of SBI Mumbai main branch building respectively. The text “एस बी आई म ुंबई म ख्य शाखा भवन शताब्दी वर्ष” shall be inscribed in Devnagari script on the upper periphery of the coin and “CENTENARY YEAR SBI MUMBAI MAIN BRANCH BUILDING” shall be inscribed in English on the lower periphery of the coin.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] THE SECOND SCHEDULE [See rule 5] Denomination of Remedy allowed Standard weight the coin In composition In standard weight (1) (2) (3) (4) 1/500th plus or minus for Silver, 1/100th plus or minus, that is to that is to say the Silver content say weight could be 34.65 grams One Hundred Rupees 35 Grams may vary from 498 to 502 per to 35.35 grams. 1000. [F. No. 02/03/2024-Coin] APARNA BHATIA, Adviser Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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