Catalog
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| Issuer | Reserve Bank of India |
|---|---|
| Year | 1938 |
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| Reference(s) | P#22 |
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|---|---|
| Obverse lettering | RESERVE BANK OF INDIA GUARANTEED BY THE CENTRAL GOVERNMENT I PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF TEN THOUSAND RUPEES LAHORE AT ANY OFFICE OF ISSUE FOR THE RESERVE BANK OF INDIA |
| Reverse description | The reverse is printed in purple-brown tones and dominated by a central rectangular panel bearing the denomination inscription "TEN THOUSAND RUPEES" in English at the foot, above which the value is repeated in eight regional Indian scripts arranged in vertical sequence within an ornamental cartouche. The heading "RESERVE BANK OF INDIA" runs along the top border, and two oval watermark panels flank the central text block, the whole surrounded by intricate guilloche lathe-work borders. |
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| Comments |
The Reserve Bank of India was established only in 1935, and this 10,000 Rupee note belongs to the earliest period of the bank's note-issuing activity — a denomination aimed squarely at interbank transfers and large commercial settlements, not retail use. Thomas De La Rue printed the series in London, as was standard for high-value Indian issues before the war made that arrangement logistically untenable.
The outbreak of World War II effectively ended regular shipments of banknote stock from Britain, and the 1938 series was withdrawn and demonetized relatively early. Surviving examples are scarce precisely because so few ever left the banking system in the first place.