5 Rupees

The Government of India 5 Rupees (Pick 1) predates the Reserve Bank of India's assumption of full note-issuing control and sits in a transitional period when the colonial administration was still managing currency alongside the newly established central bank. Kelly's signature as Controller of Currency marks the note as belonging to the older British-Indian governmental structure rather than the RBI framework that would eventually absorb all such responsibilities.

Nasik Road's Security Printing Press had been operational since 1928, established specifically to reduce British India's dependence on overseas printers for currency production. Ink oxidation along fold lines is a known issue with this series.