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100 Rupees

Issuer Reserve Bank of India
Year 1937-1943
Type Standard circulation banknote
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Reverse lettering THE RESERVE BANK OF INDIA GUARANTEED BY THE CENTRAL GOVERNMENT BOMBAY ONE HUNDRED RUPEES AT ANY OFFICE OF ISSUE
Signature(s) place of issue: Bombay - Taylor
place of issue: Bombay watermark: King in profile - Deshmukh
place of issue: Bombay watermark: King facing - Deshmukh black serial # (Block B/86)
place of issue: Bombay watermark: King facing - Deshmukh green serial # (Block B/87 & B/88)
place of issue: Calcutta - Taylor
place of issue: Calcutta watermark: King in profile - Deshmukh
place of issue: Calcutta watermark: King facing - Deshmukh
place of issue: Cawnpore - Taylor
place of issue: Cawnpore watermark: King in profile - Deshmukh
place of issue: Kanpur watermark: King facing green serial # - Deshmukh
place of issue: Delhi - Deshmukh
place of issue: Karachi - Deshmukh serial # prefix A63, A69 & A96
place of issue: Lahore - Taylor
place of issue: Lahore - Deshmukh
place of issue: Madras - Taylor
place of issue: Madras watermark: King in profile - Deshmukh
place of issue: Madras watermark: King facing - Deshmukh
place of issue: Karachi - Taylor
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The transition from Taylor to Deshmukh across this series marks one of the most consequential personnel changes in Indian central banking history. C.D. Deshmukh, appointed in 1943, was the first Indian to serve as Governor of the Reserve Bank — his signature variants on this note are not merely catalog distinctions but a direct record of that transfer of authority during wartime administration.

The watermark progression from "King in profile" to "King facing" reflects a deliberate security upgrade mid-series, creating the overlapping varieties that make P#20 one of the more granularly cataloged colonial Indian issues. Karachi-issued examples with specific prefix blocks (A63, A69, A96) are tracked separately, likely due to post-Partition provenance complications that make clean attribution difficult. The Cawnpore/Kanpur naming inconsistency between signature variants reflects the official renaming of the city during the series' active span.