Catalog
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| Issuer | Reserve Bank of India |
|---|---|
| Year | 1962-1967 |
| Type | Standard circulation banknote |
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| Reverse description | The central vignette is an intaglio-engraved scene of a traditional dhow under full sail on open waters, rendered in fine line work against a lightly clouded sky with a coastline in the background. Below the maritime vignette, the Reserve Bank of India seal — an oval medallion with a tiger and palm tree — is set within a guilloche surround at the lower centre. Denomination inscriptions in multiple Indian scripts appear in a panel to the left, with "RUPEES TEN" in English at the lower left and the Hindi equivalent at the lower right. |
| Reverse lettering | RESERVE BANK OF INDIA RUPEES TEN |
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| Comments |
Pick 40 spans a politically charged window: the 1962 Sino-Indian War and the subsequent defense spending strain, then the 1965 war with Pakistan, all of which pushed the Indian government to rely increasingly on deficit financing. The RBI was under real pressure to expand currency supply while maintaining public confidence in the rupee — not a comfortable position.
The series introduced the "Hindi belt" numbering panel, a small but deliberate shift toward Devanagari script prominence that reflected post-independence language politics as much as any design preference. Notes from the early part of the range tend to show heavier circulation wear; the 1965–67 issues are considerably harder to find in clean used condition.