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1 Rupee

Issuer Government of India
Year 1983-1994
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Size 96 × 63 mm
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Protection type Watermark
Protection description Lion Capital of the Ashoka Pillar watermark.
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Comments

The Government of India 1 Rupee note occupies an odd constitutional niche: unlike all other Indian paper currency, it is issued by the Ministry of Finance rather than the Reserve Bank of India, and is technically a government promissory instrument rather than a banknote. This distinction has been maintained without interruption since 1917. The signature on the note belongs to the Finance Secretary, not a central bank governor.

The P#78A series ran across more than a decade, with multiple Finance Secretaries signing across the run — a detail that creates distinct sub-varieties worth distinguishing when cataloging.

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